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Ray DalioNew position
Bridgewater Associates · Q2 2026
$2.73M
19.58K shares · 0.0% of portfolio
Manhattan Associates Inc
Manhattan Associates Inc (MANH) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in Atlanta, United States and has 4,100 employees. The company is worth $14.12B and trades at 69.6x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $1.08B in fiscal 2025, up 3.7% from the year before. Net income was $219.95M. The share price is within 3% of its 52-week high. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $458.02M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +42.3% over 5Y.
today you would have $1,223.81▲ +22.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $173.31 | $270.24 | $215.32 | $121.40 | $155.49 | $105.18 | $79.75 | $42.37 | $49.54 | $53.03 | $66.17 | $40.72 | $29.37 | $15.09 | $10.12 | $7.64 | $6.01 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Earnings growing 21.5% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 37.7 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SITMSITIME Corp | $462.72 | 907.3x | 12.0x | 0.00% | 1.33% | $13.86B |
| GDDYGoDaddy Inc. | $114.73 | 17.1x | 2164.7x | 0.00% | 442.86% | $14.53B |
| LSCCLattice Semiconductor Corp | $96.40 | 385.6x | 16.8x | 0.00% | 4.93% | $13.69B |
| CACICACI International Inc | $619.22 |
| 37.7x |
| 48.1x |
| 77.0x |
| 76.4x |
| 59.8x |
| 90.4x |
| 77.3x |
| 60.4x |
| 26.8x |
| 29.5x |
| 30.8x |
| 47.3x |
| 37.7x |
| 34.2x |
| 23.6x |
| 19.5x |
| 24.4x |
| 32.9x |
| P/S | 6.2x | 9.6x | 15.8x | 14.3x | 9.9x | 14.8x | 11.4x | 8.2x | 4.9x | 5.7x | 6.2x | 8.7x | 6.1x | 5.4x | 3.1x | 2.5x | 2.2x | 2.2x |
| P/B | 22.0x | 33.0x | 55.2x | 47.6x | 33.5x | 39.2x | 30.7x | 35.7x | 18.7x | 19.2x | 22.0x | 24.7x | 16.6x | 12.4x | 7.3x | 5.1x | 3.6x | 3.0x |
| EPS | $3.60 | $3.51 | $2.82 | $2.03 | $1.72 | $1.36 | $1.32 | $1.58 | $1.68 | $1.72 | $1.40 | $1.08 | $0.86 | $0.64 | $0.52 | $0.31 | $0.18 |
| Profit margin | 16.66% | 20.34% | 20.95% | 19.01% | 16.81% | 16.65% | 14.88% | 13.88% | 18.72% | 19.59% | 20.55% | 18.60% | 16.66% | 16.23% | 13.78% | 13.64% | 9.44% | 6.71% |
| ROE | 52.93% | 69.88% | 73.00% | 63.45% | 56.86% | 44.08% | 39.85% | 60.28% | 71.15% | 66.58% | 73.35% | 52.93% | 45.05% | 37.06% | 32.11% | 27.71% | 15.27% | 9.03% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
-45.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 25.6x |
| 3.1x |
| 0.00% |
| 12.82% |
| $13.68B |
| HUBSHubspot Inc | $267.19 | 89.4x | 8.0x | 0.00% | 7.89% | $13.68B |
| ITGartner Inc | $234.44 | 19.9x | — | 0.00% | 113.58% | $14.8B |