Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) Price Target at $106.80

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $106.80.

Several brokerages have weighed in on SPSC. Northland Capmk upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Northland Securities set a $109.00 target price on SPS Commerce in a research note on Friday, October 31st. Citigroup dropped their target price on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a report on Friday, October 31st. DA Davidson decreased their price target on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective (down from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st.

SPS Commerce Trading Down 1.3%

SPSC stock opened at $90.07 on Friday. SPS Commerce has a 1-year low of $73.05 and a 1-year high of $197.59. The firm has a market capitalization of $3.40 billion, a PE ratio of 40.39 and a beta of 0.58. The business’s 50 day simple moving average is $86.89 and its 200 day simple moving average is $103.85.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.14. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The company had revenue of $189.90 million for the quarter, compared to analyst estimates of $192.68 million. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. 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. As a group, sell-side analysts predict that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Activity at SPS Commerce

In related news, Director Marty M. Reaume sold 1,732 shares of SPS Commerce stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the transaction, the director owned 9,158 shares in the company, valued at approximately $844,917.08. This trade represents a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

Large investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of SPS Commerce in the third quarter worth $28,000. UMB Bank n.a. lifted its holdings in shares of SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the period. NewEdge Advisors LLC increased its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after buying an additional 191 shares in the last quarter. Advisory Services Network LLC purchased a new position in SPS Commerce during the third quarter valued at $32,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

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.