Sifting through countless of stocks in the Software industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Manhattan Associates, Inc., Varonis Systems or Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Manhattan Associates, Inc., Varonis Systems and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About Manhattan Associates, Inc., Varonis Systems and Inc.

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers warehouse management solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and transportation management solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, call center, POS, and customer engagement tools for enterprises and stores. The company also provides inventory optimization and allocation solutions; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world. Its software protects structured and unstructured data in SaaS, IaaS, and on-premises. In the cloud, the company secures data and resources in AWS, Microsoft Azure, and Google Cloud and in SaaS applications including Salesforce, Snowflake, ServiceNow, Microsoft 365, Google Drive, Box, and others; and On-premises, it supports Windows, NAS, and Linux storage. In addition, it offers Varonis' Managed Data Detection and Response service that identifies threats to data. It uses AI-powered detection technology to investigate and respond to threats. The company works with organizations that include financial services, healthcare, manufacturing, technology, insurance, energy and utilities, consumer and retail, education, construction, and the public sector. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in Miami, Florida.

Latest Software and Manhattan Associates, Inc., Varonis Systems, Inc. Stock News

As of December 12, 2025, Manhattan Associates, Inc. had a $10.5 billion market capitalization, compared to the Software median of $1.2 million. Manhattan Associates, Inc.’s stock is down 35.7% in 2025, down 3.3% in the previous five trading days and down 41.64% in the past year.

Currently, Manhattan Associates, Inc.’s price-earnings ratio is 49.4. Manhattan Associates, Inc.’s trailing 12-month revenue is $1.1 billion with a 20.2% net profit margin. Year-over-year quarterly sales growth most recently was 3.4%. Analysts expect adjusted earnings to reach $4.976 per share for the current fiscal year. Manhattan Associates, Inc. does not currently pay a dividend.

As of December 12, 2025, Varonis Systems, Inc. had a $4.0 billion market cap, putting it in the 66th percentile of all stocks. Varonis Systems, Inc.’s stock is down 23.9% in 2025, up 11.9% in the previous five trading days and down 31% in the past year.

Currently, Varonis Systems, Inc. does not have a price-earnings ratio. Varonis Systems, Inc.’s trailing 12-month revenue is $608.7 million with a -18.8% net profit margin. Year-over-year quarterly sales growth most recently was 9.1%. Analysts expect adjusted earnings to reach $0.127 per share for the current fiscal year. Varonis Systems, Inc. does not currently pay a dividend.

How We Compare Manhattan Associates, Inc., Varonis Systems and Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Manhattan Associates, Inc., Varonis Systems and Inc.’s stock grades to see how they measure up against one another.

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Manhattan Associates, Inc., Varonis Systems and Inc. Stock Value Grades

Company	Ticker	Value
Manhattan Associates, Inc.	MANH	F
Varonis Systems, Inc.	VRNS	F

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Manhattan Associates, Inc. has a Value Score of 10, which is Ultra Expensive. Varonis Systems, Inc. has a Value Score of 14, which is Ultra Expensive.

The Value Stock Winner: No Clear Winner

Neither Manhattan Associates, Inc., Varonis Systems or Inc. has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if Manhattan Associates, Inc., Varonis Systems or Inc. is the better investment when it comes to value.

Manhattan Associates, Inc., Varonis Systems and Inc. Growth Grades

Company	Ticker	Growth
Manhattan Associates, Inc.	MANH	A
Varonis Systems, Inc.	VRNS	C

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Manhattan Associates, Inc. has a Growth Score of 87, which is Very Strong. Varonis Systems, Inc. has a Growth Score of 41, which is Average.

The Growth Grade Winner: Manhattan Associates, Inc.

As you can clearly see from the Growth Grade breakdown above, Manhattan Associates, Inc. has a more attractive growth grade than Varonis Systems, Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, Manhattan Associates, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Manhattan Associates, Inc., Varonis Systems and Inc.’s Quality Grades

Company	Ticker	Quality
Manhattan Associates, Inc.	MANH	A
Varonis Systems, Inc.	VRNS	C

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Manhattan Associates, Inc. has a Quality Score of 99, which is Very Strong. Varonis Systems, Inc. has a Quality Score of 51, which is Average.

The Quality Grade Winner: Manhattan Associates, Inc.

As you can clearly see from the Quality Grade breakdown above, Manhattan Associates, Inc. has a better overall quality grade than Varonis Systems, Inc.. For investors who are looking for companies with higher quality than others in the same industry, Manhattan Associates, Inc. could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Manhattan Associates, Inc., Varonis Systems and Inc. Grades

In addition to Growth, Value and Quality, A+ Investor also provides grades for Momentum and Estimate Revisions.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Manhattan Associates, Inc., Varonis Systems and Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Manhattan Associates, Inc., Varonis Systems or Inc. Stock?

Overall, Manhattan Associates, Inc. stock has a Value Score of 10, Growth Score of 87 and Quality Score of 99.

Varonis Systems, Inc. stock has a Value Score of 14, Growth Score of 41 and Quality Score of 51.

Comparing Manhattan Associates, Inc., Varonis Systems and Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.