MANH
Manhattan Associates Inc. Technology - Supply Chain Software Investor Relations →
Manhattan Associates Inc. (MANH) closed at $137.32 as of 2026-03-20, trading 28.8% below its 200-week moving average of $192.84. This places MANH in the extreme value zone. The stock is currently moving closer to the line, down from -27.0% last week. The 14-week RSI sits at 32, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.71 ratio) is neutral — neither side is clearly dominating.
Over the past 1408 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 +23.1%.
With a market cap of $8.3 billion, MANH is a mid-cap stock. The company generates a free cash flow yield of 3.8%. Return on equity stands at 71.7%, indicating strong profitability. The stock trades at 26.1x 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 27.1 years, a hypothetical investment of $100 in MANH would have grown to $5051, compared to $813 for the S&P 500. That represents an annualized return of 15.6% vs 8.0% for the index — confirming MANH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 29.3% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 +23.9% 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 +23.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1999 | Feb 2000 | 45 | 75.2% | +214.9% | +4950.9% |
| Mar 2001 | Apr 2001 | 6 | 29.7% | +105.7% | +2972.9% |
| Sep 2001 | Oct 2001 | 4 | 42.0% | +17.2% | +3121.6% |
| Jul 2002 | Nov 2002 | 18 | 43.4% | +44.4% | +2589.9% |
| Dec 2002 | May 2003 | 24 | 31.7% | +18.8% | +2202.1% |
| Jun 2003 | Jun 2003 | 2 | 3.3% | +14.0% | +2047.3% |
| Aug 2003 | Aug 2003 | 1 | 2.7% | -11.0% | +1976.7% |
| Sep 2003 | Oct 2003 | 3 | 2.1% | -14.8% | +1884.4% |
| Oct 2003 | Nov 2003 | 1 | 2.7% | -26.1% | +1873.7% |
| Nov 2003 | Apr 2004 | 20 | 11.2% | -19.5% | +1810.5% |
| Apr 2004 | Sep 2006 | 126 | 31.2% | -39.0% | +1760.1% |
| Jan 2008 | Apr 2008 | 15 | 11.4% | -33.0% | +2193.4% |
| Jun 2008 | Jul 2008 | 1 | 1.8% | -30.0% | +2225.5% |
| Sep 2008 | Oct 2009 | 58 | 39.9% | -22.2% | +2235.4% |
| Jan 2010 | Feb 2010 | 4 | 8.7% | +32.7% | +2306.0% |
| Apr 2017 | Jan 2018 | 37 | 17.1% | -9.4% | +200.1% |
| Feb 2018 | Aug 2018 | 27 | 19.1% | +24.3% | +232.7% |
| Oct 2018 | Feb 2019 | 19 | 24.2% | +63.5% | +166.2% |
| Mar 2020 | Apr 2020 | 3 | 19.2% | +152.6% | +191.1% |
| Feb 2025 | May 2025 | 12 | 17.3% | -21.0% | -24.8% |
| Oct 2025 | Ongoing | 21+ | 29.6% | Ongoing | -24.6% |
| Average | 21 | — | +23.1% | — |
Frequently Asked Questions
Is MANH below its 200-week moving average?
Yes. As of 2026-03-20, Manhattan Associates Inc. (MANH) is trading 28.8% below its 200-week moving average of $192.84. The current price is $137.32.
What is MANH's 200-week moving average price?
Manhattan Associates Inc.'s 200-week moving average is $192.84 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MANH drops below its 200-week moving average?
MANH has crossed below its 200-week moving average 21 times in our data. On average, buying at that moment produced a one-year return of +23.1%. These dips have historically been decent entry points. These episodes lasted 21 weeks on average.
Is MANH a good value right now?
Here's what our data says about MANH as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 32. Free cash flow yield is 3.8%. Return on equity is 71.7%. Price-to-book is 26.1x. This is not a buy or sell recommendation — always do your own research.
How does MANH compare to the S&P 500?
Over the past 27.1 years, $100 invested in MANH would have grown to $5051, compared to $813 for the S&P 500. That's 15.6% annualized vs 8.0% for the index. MANH has outperformed the broader market over this period.
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 week of 2026-03-20