SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $57.17, but opened at $59.76. SPS Commerce shares last traded at $59.5720, with a volume of 63,290 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on SPSC shares. Morgan Stanley set a $70.00 price target on SPS Commerce in a research note on Friday, May 1st. Stifel Nicolaus set a $60.00 price objective on SPS Commerce in a research report on Friday, May 1st. Needham & Company LLC reduced their price objective on SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a report on Friday, May 1st. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the company a “neutral” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SPS Commerce presently has an average rating of “Hold” and a consensus price target of $76.45.
Check Out Our Latest Research Report on SPSC
SPS Commerce Stock Performance
SPS Commerce (NASDAQ:SPSC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The company had revenue of $192.12 million during the quarter, compared to analyst estimates of $192.50 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. SPS Commerce’s revenue was up 5.8% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. On average, research analysts anticipate that SPS Commerce, Inc. will post 3.41 earnings per share for the current fiscal year.
Insider Activity at SPS Commerce
In other news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the transaction, the director owned 9,158 shares in the company, valued at $530,248.20. This represents a 9.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.58% of the stock is owned by insiders.
Institutional Trading of SPS Commerce
Several large investors have recently added to or reduced their stakes in the business. UBS Group AG raised its position in SPS Commerce by 182.3% in the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after acquiring an additional 836,407 shares during the period. Norges Bank bought a new stake in shares of SPS Commerce during the 4th quarter valued at $49,883,000. Irenic Capital Management LP purchased a new stake in shares of SPS Commerce in the 4th quarter worth $40,293,000. Walleye Capital LLC increased its stake in shares of SPS Commerce by 1,749.1% in the 1st quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock worth $25,477,000 after purchasing an additional 432,886 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in SPS Commerce by 86.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after purchasing an additional 367,346 shares during the period. 98.96% of the stock is currently owned by institutional investors.
About SPS Commerce
SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.
The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.
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