MANH
Manhattan Associates Inc. Technology - Supply Chain Software Investor Relations →
Manhattan Associates Inc. (MANH) closed at $211.46 as of 2026-09-18, trading 7.3% above its 200-week moving average of $197.09. The stock moved further from the line this week, up from 2.6% last week. With a 14-week RSI of 72, MANH is in overbought territory.
Over the past 14 weeks, up-weeks have carried more volume than down-weeks (1.54 buyers-vs-sellers ratio). When trading picks up, it's more often on days the price is rising — buyers are showing more interest than sellers.
Over the past 1434 weeks of data, MANH has crossed below its 200-week moving average 21 times. On average, these episodes lasted 22 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 $12.3 billion, MANH is a large-cap stock. The company generates a free cash flow yield of 2.6%. Return on equity stands at 96.4%, indicating strong profitability. The stock trades at 78.3x 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 27.6 years, a hypothetical investment of $100 in MANH would have grown to $7778, compared to $957 for the S&P 500. That represents an annualized return of 17.1% vs 8.5% for the index — confirming MANH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 29.3% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices MANH would reach each dislocation threshold.
Dislocation Price Levels
Prices where MANH's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-27.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $133.41 | Unusually cheap — analysis point |
| Value | +1σ | $149.42 | Cheap vs. own history |
| Fair Value | +0σ | $169.79 | Historical mean behavior |
| Expensive | -1σ | $196.58 | Expensive vs. own history |
| Deep Expensive | -2σ | $233.43 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-28 | $1.32 | $1.39 | +5.3% |
| 2026-04-21 | $1.11 | $1.24 | +11.3% |
| 2026-01-27 | $1.13 | $1.21 | +6.7% |
| 2025-10-21 | $1.19 | $1.36 | +14.6% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from MANH's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
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% | +7677.8% |
| Mar 2001 | Apr 2001 | 6 | 29.7% | +105.7% | +4632.0% |
| Sep 2001 | Oct 2001 | 4 | 42.0% | +17.2% | +4860.9% |
| Jul 2002 | Nov 2002 | 18 | 43.4% | +44.4% | +4042.2% |
| Dec 2002 | May 2003 | 24 | 31.7% | +18.8% | +3445.0% |
| Jun 2003 | Jun 2003 | 2 | 3.3% | +14.0% | +3206.6% |
| Aug 2003 | Aug 2003 | 1 | 2.7% | -11.0% | +3097.9% |
| Sep 2003 | Oct 2003 | 3 | 2.1% | -14.8% | +2955.8% |
| Oct 2003 | Nov 2003 | 1 | 2.7% | -26.1% | +2939.3% |
| Nov 2003 | Apr 2004 | 20 | 11.2% | -19.5% | +2842.1% |
| Apr 2004 | Sep 2006 | 126 | 31.2% | -39.0% | +2764.3% |
| Jan 2008 | Apr 2008 | 15 | 11.4% | -33.0% | +3431.7% |
| Jun 2008 | Jul 2008 | 1 | 1.8% | -30.0% | +3481.0% |
| Sep 2008 | Oct 2009 | 58 | 39.9% | -22.2% | +3496.3% |
| Jan 2010 | Feb 2010 | 4 | 8.7% | +32.7% | +3604.9% |
| Apr 2017 | Jan 2018 | 37 | 17.1% | -9.4% | +362.1% |
| Feb 2018 | Aug 2018 | 27 | 19.1% | +24.3% | +412.3% |
| Oct 2018 | Feb 2019 | 19 | 24.2% | +63.5% | +309.9% |
| Mar 2020 | Apr 2020 | 3 | 19.2% | +152.6% | +348.2% |
| Feb 2025 | May 2025 | 12 | 17.3% | -21.0% | +15.9% |
| Oct 2025 | Aug 2026 | 40 | 37.3% | N/A | +16.1% |
| Average | 22 | — | +23.1% | — |
Frequently Asked Questions
Is MANH below its 200-week moving average?
No. Manhattan Associates Inc. (MANH) is currently 7.3% above its 200-week moving average of $197.09. It would need to fall to $197.09 to cross below the line.
What is MANH's 200-week moving average price?
Manhattan Associates Inc.'s 200-week moving average is $197.09 as of 2026-09-18. 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 22 weeks on average.
Is MANH a good value right now?
Here's what our data says about MANH as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 72 (overbought). Free cash flow yield is 2.6%. Return on equity is 96.4%. Price-to-book is 78.3x. 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 27.6 years, $100 invested in MANH would have grown to $7778, compared to $957 for the S&P 500. That's 17.1% annualized vs 8.5% 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 2026-09-18