SPS Commerce (NASDAQ:SPSC) Stock Gets Price Target Bump from Stifel Nicolaus

SPS Commerce (NASDAQ:SPSC) had its target price boosted by Stifel Nicolaus from $70.00 to $85.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 1.48% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. 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 research report on Wednesday, August 19th. DA Davidson set a $65.00 target price on shares of SPS Commerce in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price target (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Wall Street Zen cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings upgraded shares of SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One equities research 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.60.

SPS Commerce Trading Down 1.0%

NASDAQ SPSC opened at $83.76 on Wednesday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 25.33 and a beta of 0.62. The business’s 50 day moving average is $80.66 and its two-hundred day moving average is $65.64. SPS Commerce has a 12-month low of $49.04 and a 12-month high of $114.87.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The business had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. During the same period last year, the firm earned $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 forecast that SPS Commerce will post 3.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPS Commerce

Several hedge funds have recently bought and sold shares of SPSC. BlackRock Inc. purchased a new position in shares of SPS Commerce during the second quarter valued at approximately $339,259,000. State Street Corp boosted its position in SPS Commerce by 3.1% during the second quarter. State Street Corp now owns 1,545,696 shares of the software maker’s stock worth $88,367,000 after acquiring an additional 45,886 shares during the last quarter. 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 worth $55,593,000 after acquiring an additional 31,434 shares during the period. Jupiter Topco LLC purchased a new stake in SPS Commerce in the 2nd quarter worth approximately $56,260,000. Finally, Van Berkom & Associates Inc. raised its holdings in SPS Commerce by 9.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock valued at $37,757,000 after acquiring an additional 61,350 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

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.