MANHATTAN ASSOCIATES, INC.
At today's price, MANHATTAN ASSOCIATES, INC. (MANH) is priced for +36.9% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
The momentum is in the recurring line. Cloud subscription revenue grew 24% in Q1 2026 to $117.1 million, and remaining performance obligations rose 24% to $2.35 billion, the contracted backlog that converts into future revenue. The business is debt-free and high-margin, with a 25.6% operating margin, $226 million of net cash, and a share count shrinking about 1.5% a year. Profitability is funding the cloud transition without leverage. The price assumes the growth keeps compounding. At $132.23
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507 institutional managers reported holding MANH in 13F filings for the quarter ended 2026-03-31. 59 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 2.9M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (5.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MANH has cut its share count 6.1% over the past five years, spending $1.22B on repurchases. It pays no dividend. Cash returned over the past three years: $807.85M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at MANH over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MANH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | -1.9% | +6.0% |
| 2023-10-27 | +4.7% | +14.2% |
| 2024-02-07 | +7.4% | -3.0% |
| 2024-04-27 | -9.6% | +18.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MANH's latest 8-K filings: 2026-06-01 (items 2.05, 7.01); 2026-05-20 (items 5.02, 9.01); 2026-05-18 (items 5.07); 2026-04-21 (items 2.02, 9.01); 2026-02-26 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.