Manhattan Associates (MANH) Releases Q1 2026 Earnings: Revenue Beats but EPS Miss; Net Income Down, Cash Flow Up

Manhattan Associates (MANH) reported results for the first quarter of 2026.

Revenue: $282.2 million, up 7.4% year-over-year (consensus estimate $279.3 million).

Gross profit: $155.6 million, up 5.0% year-over-year.

Operating profit: $64.9 million, up 2.8% year-over-year.

Net income attributable to common shareholders: $49.3 million, down 6.3% year-over-year.

Diluted earnings per share: $0.82, down 3.5% year-over-year (estimate $1.14).

Cash flow and balance-sheet highlights:

Cash from operating activities: $84.0 million, up 11.7% year-over-year.

Purchases of property, plant and equipment (capital expenditures): $4.1 million, up 360.5% year-over-year.

Cash and cash equivalents: $226.1 million, up 9.8% year-over-year.

Cost of sales: $126.6 million, up 10.5% year-over-year.

Total liabilities: $535.4 million, up 15.6% year-over-year.

Overall, revenue modestly beat expectations while diluted EPS missed, with net income declining even as operating cash flow improved and liquidity increased; the company also showed higher capital spending and a rise in liabilities.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Manhattan Associates Inc. Insider Trading Activity

Manhattan Associates Inc. insiders have traded $MANH stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $MANH stock by insiders over the last 6 months:

ERIC ANDREW CLARK (President & CEO) sold 1,600 shares for an estimated $282,235

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Manhattan Associates Inc. Hedge Fund Activity

We have seen 233 institutional investors add shares of Manhattan Associates Inc. stock to their portfolio, and 356 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,731,759 shares (-88.1%) from their portfolio in Q4 2025, for an estimated $300,131,152
CITADEL ADVISORS LLC removed 799,135 shares (-93.8%) from their portfolio in Q4 2025, for an estimated $138,498,086
AMERICAN CENTURY COMPANIES INC removed 649,065 shares (-92.5%) from their portfolio in Q4 2025, for an estimated $112,489,455
MACQUARIE GROUP LTD removed 371,615 shares (-95.1%) from their portfolio in Q4 2025, for an estimated $64,404,595
ALLIANCEBERNSTEIN L.P. added 355,204 shares (+12.7%) to their portfolio in Q4 2025, for an estimated $61,560,405
FMR LLC added 352,191 shares (+13.0%) to their portfolio in Q4 2025, for an estimated $61,038,222
D. E. SHAW & CO., INC. added 273,051 shares (+27305.1%) to their portfolio in Q4 2025, for an estimated $47,322,468

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Manhattan Associates Inc. Government Contracts

We have seen $29,092,342 of award payments to $MANH over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ISSUE TASK ORDER AGAINST FOR LOGISTICS SUPPLY CHAIN MANAGEMENT SYSTEM CLOUD (LSCMS-C): $26,194,985
WMOS AND REPLENISHMENT MODULE: $2,675,837
THE PURPOSE OF THIS TASK ORDER IS TO SUPPORT THE FEDERAL EMERGENCY MANAGEMENT AGENCY, LOGISTICS SYSTEMS DIV...: $221,520

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Manhattan Associates Inc. Analyst Ratings

Wall Street analysts have issued reports on $MANH in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/15/2026
Barclays issued a "Overweight" rating on 01/12/2026
Truist Securities issued a "Buy" rating on 01/05/2026

To track analyst ratings and price targets for Manhattan Associates Inc., check out Quiver Quantitative's $MANH forecast page.

Manhattan Associates Inc. Price Targets

Multiple analysts have issued price targets for $MANH recently. We have seen 6 analysts offer price targets for $MANH in the last 6 months, with a median target of $230.5.

Here are some recent targets:

Guy Hardwick from Barclays set a target price of $236.0 on 03/16/2026
Clark Wright from DA Davidson set a target price of $240.0 on 01/28/2026
Parker Lane from Stifel set a target price of $225.0 on 01/23/2026
George Kurosawa from Citigroup set a target price of $208.0 on 01/15/2026
Terry Tillman from Truist Securities set a target price of $240.0 on 01/05/2026
Chris Quintero from Morgan Stanley set a target price of $165.0 on 01/05/2026