Shares of supply chain software provider Manhattan Associates (NASDAQ:MANH) jumped 3.7% in the afternoon session after the company presented its strategic vision at the 47th Annual Raymond James Institutional Investor Conference, highlighting strong performance and a focus on growth areas.

During the conference, the company's CEO and CTO pointed to a record fourth-quarter for bookings, with 75% of these coming from new customers. They emphasized that the company's strategy centered on its AI-native platform and helping clients move to the cloud. Management expressed confidence in achieving over 20% growth in cloud revenue. The presentation also noted high win rates against competitors, signaling strong demand for its products and services.

After the initial pop the shares cooled down to $140.54, up 3.8% from previous close.

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Manhattan Associates’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 10 months ago when the stock gained 11.4% on the news that the company reported first-quarter 2025 results that significantly exceeded analysts' expectations across revenue, EPS, and EBITDA.

The key highlight for the quarter was a 25% increase in remaining performance obligations, a forward-looking measure that signals sustained demand for its cloud products. Looking ahead, Manhattan Associates also raised its full-year EPS guidance, which was encouraging. Overall, we think this was a solid quarter with some key areas of upside.

Manhattan Associates is down 16% since the beginning of the year, and at $140.54 per share, it is trading 38.3% below its 52-week high of $227.94 from July 2025. Investors who bought $1,000 worth of Manhattan Associates’s shares 5 years ago would now be looking at an investment worth $1,109.

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