SPS Commerce (NASDAQ:SPSC) Stock Rating Raised to Buy at Wall Street Zen

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

A number of other brokerages also recently issued reports on SPSC. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Cantor Fitzgerald restated a “neutral” rating and set a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. DA Davidson set a $65.00 target price on shares of SPS Commerce in a research note on Friday, July 31st. Morgan Stanley reaffirmed an “underweight” rating and set a $59.00 price target (up from $57.00) on shares of SPS Commerce in a report on Friday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of SPS Commerce from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.60.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $85.25 on Friday. The company has a market capitalization of $3.07 billion, a PE ratio of 41.18 and a beta of 0.62. The business’s fifty day moving average is $81.44 and its 200 day moving average is $66.22. SPS Commerce has a fifty-two week low of $49.04 and a fifty-two week high of $114.87.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (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 analyst estimates of $195.46 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. SPS Commerce’s revenue for the quarter was up 5.6% on a year-over-year basis. 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. On average, sell-side analysts forecast that SPS Commerce will post 3.56 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPSC. Integrated Wealth Concepts LLC bought a new stake in shares of SPS Commerce during the second quarter valued at approximately $38,000. Allworth Financial LP purchased a new position in shares of SPS Commerce in the second quarter worth $45,000. Pacer Advisors Inc. lifted its holdings in shares of SPS Commerce by 55.3% in the first quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker’s stock worth $79,000 after buying an additional 503 shares in the last quarter. Leonteq Securities AG lifted its holdings in shares of SPS Commerce by 143.0% in the first quarter. Leonteq Securities AG now owns 1,431 shares of the software maker’s stock worth $80,000 after buying an additional 842 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of SPS Commerce by 38.8% during the first quarter. KBC Group NV now owns 1,459 shares of the software maker’s stock worth $81,000 after acquiring an additional 408 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Company Profile

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.