SPS Commerce (NASDAQ:SPSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SPS Commerce (NASDAQ:SPSC) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research firms have also recently weighed in on SPSC. Stifel Nicolaus restated a “hold” rating and issued a $80.00 price target (down from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. Morgan Stanley set a $100.00 target price on SPS Commerce and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Northland Securities set a $109.00 target price on SPS Commerce in a research note on Friday, October 31st. DA Davidson dropped their price target on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Citigroup cut their price objective on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Hold” and an average price target of $106.80.

SPS Commerce Price Performance

SPSC stock opened at $86.24 on Friday. The business’s 50-day moving average is $91.91 and its two-hundred day moving average is $112.05. The firm has a market capitalization of $3.25 billion, a P/E ratio of 38.67 and a beta of 0.59. SPS Commerce has a 1 year low of $73.05 and a 1 year high of $201.00.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The business had revenue of $189.90 million during the quarter, compared to the consensus estimate of $192.68 million. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. On average, analysts expect that SPS Commerce will post 2.73 EPS for the current year.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of SPS Commerce by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,944,449 shares of the software maker’s stock valued at $514,915,000 after purchasing an additional 249,351 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after purchasing an additional 1,110,476 shares during the period. Conestoga Capital Advisors LLC grew its position in SPS Commerce by 2.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,281,511 shares of the software maker’s stock valued at $133,457,000 after buying an additional 30,769 shares during the last quarter. Geode Capital Management LLC increased its stake in SPS Commerce by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock valued at $132,824,000 after buying an additional 12,046 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in SPS Commerce by 34.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after buying an additional 225,848 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.