SPS Commerce (NASDAQ:SPSC) Trading Up 6.8% – Here’s Why

SPS Commerce, Inc. (NASDAQ:SPSC) traded up 6.8% during trading on Friday . The company traded as high as $89.44 and last traded at $82.4910. 1,514,536 shares changed hands during mid-day trading, an increase of 124% from the average daily volume of 675,226 shares. The stock had previously closed at $77.23.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPSC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. DA Davidson set a $65.00 price objective on shares of SPS Commerce in a research note on Friday, July 31st. Citigroup reiterated a “buy” rating and set a $82.00 target price (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, SPS Commerce has an average rating of “Hold” and an average price target of $77.10.

SPS Commerce Trading Up 7.2%

The stock has a fifty day moving average of $72.57 and a two-hundred day moving average of $61.91. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 39.83 and a beta of 0.51.

SPS Commerce (NASDAQ:SPSC) 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 during the quarter, compared to analysts’ expectations of $195.46 million. During the same quarter last year, the company posted $1.00 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. 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. Equities analysts expect that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares during the period. State of Wyoming raised its stake in shares of SPS Commerce by 10.8% during the 4th quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock worth $160,000 after purchasing an additional 174 shares during the period. State of Tennessee Department of Treasury boosted its holdings in shares of SPS Commerce by 1.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after buying an additional 175 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in SPS Commerce by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,134 shares of the software maker’s stock valued at $101,000 after buying an additional 218 shares during the period. 98.96% of the stock is owned by institutional investors.

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.