Manhattan Associates jumps as analyst upgrade highlights cloud momentum and AI traction

Manhattan Associates (MANH) is up 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be driven mainly by a bullish analyst upgrade that pointed to faster cloud bookings, a more favorable setup for revenue growth, and early traction for the company’s AI-focused products. Recent company results likely reinforced that view after Manhattan posted solid second-quarter growth and maintained a constructive 2026 outlook.

Details:

Morgan Stanley upgraded MANH to Overweight from Equal Weight and raised its price target to $250 from $180, which gave investors a fresh reason to re-rate the shares.

The upgrade cited accelerating cloud bookings, improving sales execution, and signs that newer AI agents are gaining commercial traction with customers.

In its July 28, 2026 earnings release, Manhattan reported second-quarter revenue of $297.8 million, up from $272.4 million a year earlier, while cloud revenue rose 26%.

Manhattan’s latest published 2026 guidance called for total revenue of $1.160 billion to $1.166 billion and adjusted EPS of $5.44 to $5.50, while the company also scheduled third-quarter results for October 27, 2026.

Sources:

Manhattan Associates Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MANH Insider Trading Activity

$MANH insiders have traded $MANH stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

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

JAMES STEWART GANTT (EVP, Professional Services) has made 0 purchases and 2 sales selling 12,439 shares for an estimated $2,021,355.
ERIC ANDREW CLARK (President & CEO) has made 0 purchases and 2 sales selling 4,000 shares for an estimated $740,050.
LINDA T. HOLLEMBAEK sold 1,579 shares for an estimated $299,820

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive MANH Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$MANH Hedge Fund Activity

We have seen 234 institutional investors add shares of $MANH stock to their portfolio, and 272 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,677,333 shares (+97.9%) to their portfolio in Q2 2026, for an estimated $233,568,620
ALLIANCEBERNSTEIN L.P. removed 817,133 shares (-26.2%) from their portfolio in Q2 2026, for an estimated $113,785,770
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 458,825 shares (+inf%) to their portfolio in Q2 2026, for an estimated $63,891,381
JPMORGAN CHASE & CO added 454,668 shares (+inf%) to their portfolio in Q2 2026, for an estimated $63,312,519
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 416,291 shares (+76.2%) to their portfolio in Q2 2026, for an estimated $57,968,521
ROYAL BANK OF CANADA removed 356,378 shares (-63.2%) from their portfolio in Q2 2026, for an estimated $49,625,636
ROYCE & ASSOCIATES LP added 314,304 shares (+inf%) to their portfolio in Q2 2026, for an estimated $43,766,832

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MANH Government Contracts

We have seen $28,886,565 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:

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$MANH Price Targets

Multiple analysts have issued price targets for $MANH recently. We have seen 5 analysts offer price targets for $MANH in the last 6 months, with a median target of $200.0.

Here are some recent targets:

Guy Hardwick from Barclays set a target price of $201.0 on 05/29/2026
Clark Wright from DA Davidson set a target price of $200.0 on 05/20/2026
Joe Vruwink from Baird set a target price of $186.0 on 04/22/2026
Parker Lane from Stifel set a target price of $200.0 on 04/22/2026
George Kurosawa from Citigroup set a target price of $177.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.