SPS Commerce (NASDAQ:SPSC) Rating Increased to Hold at Zacks Research

SPS Commerce (NASDAQ:SPSC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

SPSC has been the subject of a number of other reports. Weiss Ratings raised SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Morgan Stanley cut shares of SPS Commerce from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $70.00 to $57.00 in a research report on Tuesday. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Citigroup reiterated a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research report on Tuesday. Finally, Needham & Company LLC reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.82.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $62.03 on Monday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 25.85 and a beta of 0.56. SPS Commerce has a fifty-two week low of $49.04 and a fifty-two week high of $141.98. The stock has a 50 day moving average of $56.81 and a 200 day moving average of $63.60.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The company had revenue of $192.12 million during the quarter, compared to analysts’ expectations of $192.50 million. During the same quarter last year, the firm earned $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. Analysts forecast that SPS Commerce will post 3.43 EPS for the current year.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG boosted its holdings in SPS Commerce by 182.3% during the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after acquiring an additional 836,407 shares during the period. Norges Bank purchased a new stake in SPS Commerce during the fourth quarter worth about $49,883,000. Irenic Capital Management LP purchased a new stake in SPS Commerce during the fourth quarter worth about $40,293,000. Walleye Capital LLC increased its stake in SPS Commerce by 1,749.1% during the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock worth $25,477,000 after purchasing an additional 432,886 shares during the period. Finally, Disciplined Growth Investors Inc. MN lifted its position in shares of SPS Commerce by 86.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after purchasing an additional 367,346 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

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.