SPS Commerce (NASDAQ:SPSC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.
SPSC has been the subject of several other reports. DA Davidson set a $65.00 price target on SPS Commerce in a report on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and set a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a report on Friday, July 31st. Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report 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. Finally, Citigroup reissued a “buy” rating and set a $99.00 target price (up from $82.00) on shares of SPS Commerce in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.80.
View Our Latest Research Report on SPSC
SPS Commerce Stock Down 2.2%
Shares of SPSC stock opened at $90.56 on Friday. SPS Commerce has a 12-month low of $49.04 and a 12-month high of $113.47. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 43.75 and a beta of 0.62. The firm has a fifty day moving average of $82.85 and a 200-day moving average of $68.58.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. The business had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. 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. Research analysts expect that SPS Commerce will post 3.56 earnings per share for the current year.
Hedge Funds Weigh In On SPS Commerce
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its holdings in SPS Commerce by 72.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker’s stock worth $27,000 after purchasing an additional 140 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of SPS Commerce in the second quarter valued at about $38,000. Allworth Financial LP acquired a new position in shares of SPS Commerce during the second quarter worth about $45,000. Sterling Capital Management LLC boosted its position in shares of SPS Commerce by 163.6% during the third quarter. Sterling Capital Management LLC now owns 1,007 shares of the software maker’s stock worth $83,000 after buying an additional 625 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of SPS Commerce by 88.6% during the third quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker’s stock worth $90,000 after buying an additional 512 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.
The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.
Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.
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