Manhattan Associates CFO Dennis Story to Retire, Succession Plan Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Should l Buy MANH?
Source: seekingalpha
Manhattan Associates Inc. saw its stock rise by 5.79% as it crossed above the 20-day SMA, despite the broader market decline with the Nasdaq-100 down 1.01% and the S&P 500 down 0.85%.
The company announced that CFO Dennis Story will retire on March 31, 2026, with Linda Pinne succeeding him. This transition is expected to ensure continuity in financial management, as Story has played a crucial role in the company's financial strategy, leading to significant revenue and market cap growth during his tenure. The company also reaffirmed its 2026 financial guidance, targeting a 21% growth in cloud revenue, which reflects its commitment to innovation in supply chain solutions.
The leadership change may influence investor confidence, but with a solid succession plan in place and a focus on strategic investments, Manhattan Associates is well-positioned for future growth.
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Analyst Views on MANH
Wall Street analysts forecast MANH stock price to rise
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 145.040
Low
165.00
Averages
224.57
High
250.00
Current: 145.040
Low
165.00
Averages
224.57
High
250.00
About MANH
Manhattan Associates, Inc. develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. It operates in North and Latin America; Europe, the Middle East and Africa (EMEA); and the Asia Pacific (APAC) regions. It provides companies with the tools needed to manage distribution and optimize transportation costs throughout their entire commercial network. Its solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks holistically across the functions linked in a supply chain from planning through execution. These solutions help to coordinate the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rainforest Selects Manhattan Supply Chain Solution for Growth
- Supply Chain Modernization: Rainforest Distribution has selected Manhattan Active® Supply Chain Planning to unify its supply chain functions and transform end-to-end planning processes, thereby enhancing service levels and supporting continued growth.
- Real-Time Visibility: By adopting a single cloud-native platform, Rainforest will gain real-time visibility and continuously balance service levels, costs, and capacity, enabling faster responses to changing customer demands and improving operational efficiency.
- Intelligent Platform Advantage: Manhattan Active Supply Chain Planning enhances forecasting accuracy through AI-driven insights, allowing Rainforest to maintain agility and responsiveness in a complex supply chain environment, ensuring reliable customer service.
- Strategic Partnership: Stewart Gantt from Manhattan Associates stated that this collaboration will help Rainforest unlock new levels of efficiency and build a more resilient, data-driven supply chain, driving the company's strategic growth ambitions.
See More
Manhattan Associates Expands Share Repurchase Program to $500 Million
- Repurchase Program Expansion: Manhattan Associates' Board has approved an increase in its share repurchase program from $100 million to $500 million, effective immediately, demonstrating the company's confidence in future stock performance and aiming to enhance shareholder value.
- Positive Market Reaction: Following the announcement, Manhattan's stock price rose by 3.21% to $148.15, reflecting investor optimism regarding the repurchase plan, which may further drive stock price appreciation.
- Flexible Repurchase Strategy: The company plans to conduct repurchases in the open market or through other means, with management determining the quantity and price based on what is in the best interest of the company, ensuring flexibility and effectiveness in the repurchase program.
- Shareholder Interests Prioritized: By expanding the repurchase program, Manhattan Associates not only boosts market confidence but also signals its commitment to enhancing shareholder returns through capital management, further solidifying its competitive position in the industry.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates has approved an increase in its common share repurchase authority from $100 million to $500 million, effective immediately, which not only boosts shareholder confidence but may also enhance earnings per share by reducing the float.
- Cloud Revenue Growth Target: The company targets a 21% growth in cloud revenue for 2026, setting a remaining performance obligation (RPO) goal of $2.6 billion to $2.68 billion, reflecting strong confidence in future revenue growth, particularly in the rapidly evolving AI and services sectors.
- Executive Change: CFO Dennis Story has announced his retirement, which could impact the company's financial strategy and investor confidence, necessitating close attention to the performance of his successor and their influence on corporate strategy.
- Investor Conference Participation: Manhattan Associates is actively participating in the Morgan Stanley Technology, Media & Telecom Conference and the 47th Annual Raymond James Institutional Investor Conference, indicating the company's commitment to engaging with investors and enhancing market awareness of its future developments.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates' board has approved an increase in the company's common share repurchase authority from $100 million to $500 million, effective immediately, reflecting the company's commitment to enhancing shareholder returns.
- Flexible Repurchase Strategy: The company may repurchase shares in the open market or otherwise, with management determining the quantities and prices, thereby enhancing flexibility amid market fluctuations.
- No Fixed Expiration Date: The repurchase plan does not have a fixed expiration date and does not obligate the company to acquire a specific amount of common stock, allowing for adjustments based on market conditions and reducing financial risk.
- Forward-Looking Statements: The press release includes forward-looking statements indicating that the actual impact of the repurchase may vary due to factors such as the optimality of repurchase prices and the utilization of the repurchase authority, cautioning investors to assess potential risks carefully.
See More
Manhattan Associates CFO Dennis Story to Retire
- Executive Transition: Manhattan Associates announced that CFO Dennis Story will retire on March 31, 2026, concluding his tenure since March 2006, which may impact the company's financial strategy and investor confidence.
- Succession Plan: Linda Pinnewill will succeed Story as Senior Vice President and CFO, Chief Accounting Officer, and Treasurer, and her extensive experience is expected to bring a fresh perspective to the company's financial management and support future growth.
- Advisory Role: Story will continue as an advisor to the CEO until the end of 2026, which helps ensure a smooth transition in management and mitigate uncertainties associated with executive changes.
- Future Outlook: Manhattan Associates targets a 21% growth in cloud revenue for 2026 and aims for $2.6B to $2.68B in RPO, indicating that strategic investments in AI and services will continue to drive business growth.
See More
Dennis Story to Retire as CFO of Manhattan Associates
- Executive Transition: Manhattan Associates announced that CFO Dennis Story will retire on March 31, 2026, with Linda Pinne succeeding him as CFO and Chief Accounting Officer, ensuring continuity in financial management during this transition.
- Financial Achievements: During Story's tenure as CFO since 2006, Manhattan's revenue increased by approximately 275%, operating cash flow surged by about 785%, and market capitalization grew over 50 times, underscoring his pivotal role in the company's financial strategy.
- Leadership Succession: Story will remain as an advisor to the CEO until the end of 2026 to facilitate a smooth transition, while Linda Pinne, with over 20 years of finance experience, is well-positioned to enhance the company's leadership in supply chain commerce.
- Financial Outlook: Manhattan reaffirms its 2026 financial guidance and will participate in upcoming investor conferences, showcasing its innovative capabilities in supply chain and omnichannel commerce solutions to further solidify its market position.
See More
Rainforest Selects Manhattan Supply Chain Solution for Growth
- Supply Chain Modernization: Rainforest Distribution has selected Manhattan Active® Supply Chain Planning to unify its supply chain functions and transform end-to-end planning processes, thereby enhancing service levels and supporting continued growth.
- Real-Time Visibility: By adopting a single cloud-native platform, Rainforest will gain real-time visibility and continuously balance service levels, costs, and capacity, enabling faster responses to changing customer demands and improving operational efficiency.
- Intelligent Platform Advantage: Manhattan Active Supply Chain Planning enhances forecasting accuracy through AI-driven insights, allowing Rainforest to maintain agility and responsiveness in a complex supply chain environment, ensuring reliable customer service.
- Strategic Partnership: Stewart Gantt from Manhattan Associates stated that this collaboration will help Rainforest unlock new levels of efficiency and build a more resilient, data-driven supply chain, driving the company's strategic growth ambitions.
See More
Manhattan Associates Expands Share Repurchase Program to $500 Million
- Repurchase Program Expansion: Manhattan Associates' Board has approved an increase in its share repurchase program from $100 million to $500 million, effective immediately, demonstrating the company's confidence in future stock performance and aiming to enhance shareholder value.
- Positive Market Reaction: Following the announcement, Manhattan's stock price rose by 3.21% to $148.15, reflecting investor optimism regarding the repurchase plan, which may further drive stock price appreciation.
- Flexible Repurchase Strategy: The company plans to conduct repurchases in the open market or through other means, with management determining the quantity and price based on what is in the best interest of the company, ensuring flexibility and effectiveness in the repurchase program.
- Shareholder Interests Prioritized: By expanding the repurchase program, Manhattan Associates not only boosts market confidence but also signals its commitment to enhancing shareholder returns through capital management, further solidifying its competitive position in the industry.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates has approved an increase in its common share repurchase authority from $100 million to $500 million, effective immediately, which not only boosts shareholder confidence but may also enhance earnings per share by reducing the float.
- Cloud Revenue Growth Target: The company targets a 21% growth in cloud revenue for 2026, setting a remaining performance obligation (RPO) goal of $2.6 billion to $2.68 billion, reflecting strong confidence in future revenue growth, particularly in the rapidly evolving AI and services sectors.
- Executive Change: CFO Dennis Story has announced his retirement, which could impact the company's financial strategy and investor confidence, necessitating close attention to the performance of his successor and their influence on corporate strategy.
- Investor Conference Participation: Manhattan Associates is actively participating in the Morgan Stanley Technology, Media & Telecom Conference and the 47th Annual Raymond James Institutional Investor Conference, indicating the company's commitment to engaging with investors and enhancing market awareness of its future developments.
See More
Manhattan Associates Increases Share Repurchase Authority to $500 Million
- Repurchase Authority Increase: Manhattan Associates' board has approved an increase in the company's common share repurchase authority from $100 million to $500 million, effective immediately, reflecting the company's commitment to enhancing shareholder returns.
- Flexible Repurchase Strategy: The company may repurchase shares in the open market or otherwise, with management determining the quantities and prices, thereby enhancing flexibility amid market fluctuations.
- No Fixed Expiration Date: The repurchase plan does not have a fixed expiration date and does not obligate the company to acquire a specific amount of common stock, allowing for adjustments based on market conditions and reducing financial risk.
- Forward-Looking Statements: The press release includes forward-looking statements indicating that the actual impact of the repurchase may vary due to factors such as the optimality of repurchase prices and the utilization of the repurchase authority, cautioning investors to assess potential risks carefully.
See More
Manhattan Associates CFO Dennis Story to Retire
- Executive Transition: Manhattan Associates announced that CFO Dennis Story will retire on March 31, 2026, concluding his tenure since March 2006, which may impact the company's financial strategy and investor confidence.
- Succession Plan: Linda Pinnewill will succeed Story as Senior Vice President and CFO, Chief Accounting Officer, and Treasurer, and her extensive experience is expected to bring a fresh perspective to the company's financial management and support future growth.
- Advisory Role: Story will continue as an advisor to the CEO until the end of 2026, which helps ensure a smooth transition in management and mitigate uncertainties associated with executive changes.
- Future Outlook: Manhattan Associates targets a 21% growth in cloud revenue for 2026 and aims for $2.6B to $2.68B in RPO, indicating that strategic investments in AI and services will continue to drive business growth.
See More
Dennis Story to Retire as CFO of Manhattan Associates
- Executive Transition: Manhattan Associates announced that CFO Dennis Story will retire on March 31, 2026, with Linda Pinne succeeding him as CFO and Chief Accounting Officer, ensuring continuity in financial management during this transition.
- Financial Achievements: During Story's tenure as CFO since 2006, Manhattan's revenue increased by approximately 275%, operating cash flow surged by about 785%, and market capitalization grew over 50 times, underscoring his pivotal role in the company's financial strategy.
- Leadership Succession: Story will remain as an advisor to the CEO until the end of 2026 to facilitate a smooth transition, while Linda Pinne, with over 20 years of finance experience, is well-positioned to enhance the company's leadership in supply chain commerce.
- Financial Outlook: Manhattan reaffirms its 2026 financial guidance and will participate in upcoming investor conferences, showcasing its innovative capabilities in supply chain and omnichannel commerce solutions to further solidify its market position.
See More
