SPS Commerce (NASDAQ:SPSC) Downgraded to Strong Sell Rating by Zacks Research

Posted by Geri Gentry on Jul 16th, 2026

Zacks Research downgraded shares of SPS Commerce (NASDAQ:SPSC – Free Report) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

SPSC has been the topic of a number of other research reports. Cantor Fitzgerald set a $60.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus set a $60.00 price objective on shares of SPS Commerce in a research report on Friday, May 1st. Citigroup cut their target price on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, DA Davidson set a $55.00 target price on SPS Commerce and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.45.

Read Our Latest Stock Analysis on SPSC

SPS Commerce Trading Up 1.3%

Shares of SPSC opened at $64.11 on Tuesday. The business’s 50-day moving average price is $56.00 and its 200 day moving average price is $64.34. The stock has a market capitalization of $2.35 billion, a P/E ratio of 26.71 and a beta of 0.56. SPS Commerce has a 1-year low of $49.04 and a 1-year high of $143.55.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share (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 firm had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue for the quarter 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 predict that SPS Commerce will post 3.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nolet Wealth Management LLC purchased a new stake in SPS Commerce in the 2nd quarter worth approximately $205,000. Versant Capital Management Inc boosted its stake in shares of SPS Commerce by 21.4% during the 2nd quarter. Versant Capital Management Inc now owns 1,542 shares of the software maker’s stock valued at $88,000 after buying an additional 272 shares during the period. Pacer Advisors Inc. grew its holdings in shares of SPS Commerce by 55.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker’s stock valued at $79,000 after acquiring an additional 503 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of SPS Commerce by 31.5% during the 1st quarter. Glenmede Trust Co. NA now owns 169,223 shares of the software maker’s stock valued at $9,421,000 after acquiring an additional 40,547 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of SPS Commerce by 3.3% in the first quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock worth $55,593,000 after acquiring an additional 31,434 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

(Get Free Report)

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.