SPS Commerce (NASDAQ:SPSC) Raised to “Hold” at Zacks Research

SPS Commerce (NASDAQ:SPSC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also weighed in on SPSC. Stifel Nicolaus set a $60.00 price target on SPS Commerce in a research report on Friday, May 1st. Weiss Ratings raised SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Morgan Stanley cut shares of SPS Commerce from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $70.00 to $57.00 in a research note on Tuesday. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a report on Thursday, April 16th. Finally, Needham & Company LLC dropped their price target on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.82.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $62.03 on Monday. The company’s 50-day moving average price is $56.81 and its two-hundred day moving average price is $63.60. SPS Commerce has a one year low of $49.04 and a one year high of $141.98. The stock has a market capitalization of $2.28 billion, a PE ratio of 25.85 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. The company had revenue of $192.12 million during the quarter, compared to analysts’ expectations of $192.50 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.SPS Commerce’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. 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, analysts anticipate that SPS Commerce will post 3.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds have recently added to or reduced their stakes in SPSC. State Street Corp increased its holdings in shares of SPS Commerce by 0.6% in the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock valued at $130,871,000 after purchasing an additional 8,163 shares during the last quarter. UBS Group AG boosted its holdings in shares of SPS Commerce by 182.3% during the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after buying an additional 836,407 shares during the period. Bank of America Corp DE grew its stake in SPS Commerce by 3.3% in the 1st quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock valued at $55,593,000 after buying an additional 31,434 shares during the last quarter. 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 valued at $82,528,000 after acquiring an additional 367,346 shares during the period. Finally, Van Berkom & Associates Inc. lifted its position in SPS Commerce by 9.9% during the first quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock worth $37,757,000 after acquiring an additional 61,350 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Company Profile

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.