Wall Street Zen upgraded shares of SPS Commerce (NASDAQ:SPSC – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.
Other research analysts have also recently issued research reports about the company. Weiss Ratings raised SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Citigroup reaffirmed a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Stifel Nicolaus upped their price objective on SPS Commerce from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $78.60.
Get Our Latest Report on SPS Commerce
SPS Commerce Price Performance
SPSC stock opened at $85.42 on Friday. The firm has a 50 day simple moving average of $81.66 and a two-hundred day simple moving average of $66.51. The stock has a market cap of $3.08 billion, a PE ratio of 25.52 and a beta of 0.62. SPS Commerce has a one year low of $49.04 and a one year high of $114.87.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.18. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The firm had revenue of $197.81 million for the quarter, compared to analysts’ expectations of $195.46 million. During the same quarter last year, the company posted $1.00 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. On average, research analysts expect that SPS Commerce will post 3.56 EPS for the current fiscal year.
Institutional Investors Weigh In On SPS Commerce
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of SPS Commerce during the second quarter valued at approximately $339,259,000. State Street Corp grew its holdings in shares of SPS Commerce by 3.1% in the second quarter. State Street Corp now owns 1,545,696 shares of the software maker’s stock worth $88,367,000 after purchasing an additional 45,886 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of SPS Commerce in the second quarter worth approximately $56,260,000. 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 buying an additional 31,434 shares during the period. Finally, Van Berkom & Associates Inc. increased its stake in shares of SPS Commerce by 9.9% in the first quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock worth $37,757,000 after buying an additional 61,350 shares during the period. 98.96% of the stock is currently owned by institutional investors.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps trading partners connect and exchange business documents, coordinate orders and shipments, manage product information, and improve visibility across the retail supply chain.
The company’s offerings include electronic data interchange (EDI), order management, fulfillment and shipping tools, product content management, inventory visibility, analytics and retail compliance solutions.
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