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

Investivoq PriceTracker

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 Insider Trades

    $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 Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $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 Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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:

    • ISSUE TASK ORDER AGAINST FOR LOGISTICS SUPPLY CHAIN MANAGEMENT SYSTEM CLOUD (LSCMS-C): $26,194,985
    • CONTRACTOR SHALL PROVIDE PROFESSIONAL TECHNICAL EXPERTISE AND PROJECT MANAGEMENT SERVICES TO SUPPORT FOR TY...: $29,500

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.