SPS Commerce (NASDAQ:SPSC) Upgraded 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 Sunday morning,Wall Street Zen reports.

SPSC has been the subject of a number of other reports. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. DA Davidson set a $65.00 price target on shares of SPS Commerce in a report on Friday, July 31st. Finally, Citigroup reaffirmed a “buy” rating and issued a $99.00 price objective (up from $82.00) on shares of SPS Commerce in a research report on Tuesday, October 20th. One investment 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 issued 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 $80.30.

SPS Commerce Price Performance

Shares of SPSC stock opened at $92.63 on Friday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 44.75 and a beta of 0.62. SPS Commerce has a 52-week low of $49.04 and a 52-week high of $114.87. The company’s 50 day moving average is $82.69 and its 200 day moving average is $67.46.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The company had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. SPS Commerce’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. 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. Analysts anticipate that SPS Commerce will post 3.56 EPS for the current fiscal year.

Institutional Trading of SPS Commerce

A number of institutional investors have recently made changes to their positions in SPSC. BlackRock Inc. acquired a new position in SPS Commerce during the 2nd quarter valued at about $339,259,000. State Street Corp boosted its holdings in SPS Commerce by 3.1% in 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 in the last quarter. Jupiter Topco LLC acquired a new stake in SPS Commerce in the second quarter worth about $56,260,000. Bank of America Corp DE grew its stake in shares of SPS Commerce by 3.3% during the first 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 last quarter. Finally, Van Berkom & Associates Inc. grew its stake in shares of SPS Commerce by 9.9% during the first quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock worth $37,757,000 after acquiring an additional 61,350 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.