MANHATTAN ASSOCIATES INC · Software

MANH

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The short version

A high-quality, profitable business with steady sales.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Buying back shares: share count down 3.7% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions cut 0.4% from their holdings in the quarter ending June 2026 (235 bought, 285 sold)
Held by Ray Dalio (Bridgewater), Terry Smith (Fundsmith)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$236.34-0.8% that day

Company value: $13.8B; Share price times all shares
Price vs profit (P/E): 67.9x; You pay about $68 for each $1 of yearly profit
Price vs sales: 12.2x; Company value is 12.2 times a year of sales
Cash vs value: 1%; Cash as a share of company value

From MANH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$297.8M+9.3% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.1B, up 6.5% from the 12 months before. Over 5 years, sales grew about 13% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of MANH. Starting points are the company's recent numbers.

Sales growth+6% a yearRecently: +6.5% a yearProfit margin19%Last 12 months: 18.7%P/E at the end40xToday: 67.9x. Many steady companies trade at 12x to 25xShare count change-1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.5B

Profit in 5 years$286M

Price these guesses point to$206.57-13% vs $236.34 todayAbout -2.7% a year, before dividends

What today's price needs: with a 19% margin and a 40x P/E, sales would have to grow about 8.9% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/5Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.71.7%
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.20.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$374.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-3.7% in 3 years

Revenue: $1.1B; +3.7% vs prior year
5-year growth: +13.0%/yr; revenue, per year
Current ratio: 1.28x; short-term assets / bills due
Free cash flow: $374.0M; 34.6% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity, gross margin 40%+. A checklist is a starting point for research, not a verdict.