SPS Commerce (NASDAQ:SPSC) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of SPS Commerce (NASDAQ:SPSC) from a buy rating to a hold rating in a report issued on Saturday morning.

Several other research firms have also recently issued reports on SPSC. Stifel Nicolaus set a $60.00 target price on shares of SPS Commerce in a research report on Friday, May 1st. Zacks Research lowered shares of SPS Commerce from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Needham & Company LLC cut 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 note on Friday, May 1st. Citigroup lowered their price objective on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Cantor Fitzgerald set a $60.00 price objective on SPS Commerce and gave the stock a “neutral” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.45.

SPS Commerce Stock Down 0.2%

Shares of NASDAQ SPSC opened at $65.59 on Friday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 27.33 and a beta of 0.56. SPS Commerce has a 52 week low of $49.04 and a 52 week high of $143.55. The firm has a 50-day moving average price of $56.35 and a 200 day moving average price of $64.17.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The company had revenue of $192.12 million during the quarter, compared to analysts’ expectations of $192.50 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s quarterly revenue 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. Equities research analysts expect that SPS Commerce will post 3.35 EPS for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently modified their holdings of SPSC. Advisors Asset Management Inc. lifted its position in SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares in the last quarter. AQR Capital Management LLC grew its position in SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after acquiring an additional 275 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of SPS Commerce by 137.7% during the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock valued at $88,000 after purchasing an additional 376 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of SPS Commerce by 83.2% during the second quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after purchasing an additional 4,602 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

About SPS Commerce

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.