MANH
Manhattan Associates Inc. Technology - Supply Chain Software Investor Relations →
Manhattan Associates Inc. (MANH) closed at $145.07 as of 2026-02-02, trading 24.6% below its 200-week moving average of $192.40. This places MANH in the extreme value zone. The stock is currently moving closer to the line, down from -21.5% last week. With a 14-week RSI of 27, MANH is in oversold territory.
Over the past 1402 weeks of data, MANH has crossed below its 200-week moving average 21 times. On average, these episodes lasted 21 weeks. Historically, investors who bought MANH at the start of these episodes saw an average one-year return of +25.4%.
With a market cap of $8.7 billion, MANH is a mid-cap stock. The company generates a free cash flow yield of 3.6%. Return on equity stands at 71.7%, indicating strong profitability. The stock trades at 27.6x book value.
Management has been repurchasing shares, with a 3.8% reduction over three years. MANH passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 27 years, a hypothetical investment of $100 in MANH would have grown to $5336, compared to $863 for the S&P 500. That represents an annualized return of 15.9% vs 8.3% for the index — confirming MANH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 29.3% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: MANH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MANH Crosses Below the Line?
Across 21 historical episodes, buying MANH when it crossed below its 200-week moving average produced an average return of +24.1% after 12 months (median -1.0%), compared to +8.2% for the S&P 500 over the same periods. 45% of those episodes were profitable after one year. After 24 months, the average return was +30.1% vs +16.8% for the index.
Each line shows $100 invested at the moment MANH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MANH has crossed below its 200-week MA 21 times with an average 1-year return of +25.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1999 | Feb 2000 | 45 | 75.2% | +214.9% | +5235.9% |
| Mar 2001 | Apr 2001 | 6 | 29.7% | +105.7% | +3146.3% |
| Sep 2001 | Oct 2001 | 4 | 42.0% | +17.2% | +3303.4% |
| Jul 2002 | Nov 2002 | 18 | 43.4% | +44.4% | +2741.7% |
| Dec 2002 | May 2003 | 24 | 31.7% | +18.8% | +2332.0% |
| Jun 2003 | Jun 2003 | 2 | 3.3% | +14.0% | +2168.5% |
| Aug 2003 | Aug 2003 | 1 | 2.7% | -11.0% | +2093.9% |
| Sep 2003 | Oct 2003 | 3 | 2.1% | -14.8% | +1996.4% |
| Oct 2003 | Nov 2003 | 1 | 2.7% | -26.1% | +1985.1% |
| Nov 2003 | Apr 2004 | 20 | 11.2% | -19.5% | +1918.4% |
| Apr 2004 | Sep 2006 | 126 | 31.2% | -39.0% | +1865.1% |
| Jan 2008 | Apr 2008 | 15 | 11.4% | -33.0% | +2322.9% |
| Jun 2008 | Jul 2008 | 1 | 1.8% | -30.0% | +2356.7% |
| Sep 2008 | Oct 2009 | 58 | 39.9% | -22.2% | +2367.2% |
| Jan 2010 | Feb 2010 | 4 | 8.7% | +32.7% | +2441.7% |
| Apr 2017 | Jan 2018 | 37 | 17.1% | -9.4% | +217.0% |
| Feb 2018 | Aug 2018 | 27 | 19.1% | +24.3% | +251.4% |
| Oct 2018 | Feb 2019 | 19 | 24.2% | +63.5% | +181.2% |
| Mar 2020 | Apr 2020 | 3 | 19.2% | +152.6% | +207.5% |
| Feb 2025 | May 2025 | 12 | 17.3% | N/A | -20.5% |
| Oct 2025 | Ongoing | 15+ | 24.6% | Ongoing | -20.3% |
| Average | 21 | — | +25.4% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02