SPS Commerce (NASDAQ:SPSC) Price Target Raised to $85.00

SPS Commerce (NASDAQ:SPSC) had its target price lifted by Stifel Nicolaus from $70.00 to $85.00 in a report issued on Wednesday morning, Marketbeat reports. The brokerage currently has a hold rating on the software maker’s stock.

SPSC has been the subject of several other research reports. Zacks Research upgraded shares of 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 price target (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Morgan Stanley restated an “underweight” rating and set a $59.00 price target (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. DA Davidson set a $65.00 price objective on shares of SPS Commerce in a report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $78.60.

SPS Commerce Stock Performance

SPSC stock opened at $85.25 on Wednesday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 41.18 and a beta of 0.62. SPS Commerce has a fifty-two week low of $49.04 and a fifty-two week high of $114.87. The stock has a fifty day moving average of $81.44 and a 200-day moving average of $66.22.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping 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 company had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same quarter last year, the firm posted $1.00 EPS. The firm’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. Equities analysts predict that SPS Commerce will post 3.56 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. bought a new position in shares of SPS Commerce in the third quarter valued at approximately $229,000. Castle Rock Wealth Management LLC bought a new stake in SPS Commerce during the 3rd quarter worth approximately $630,000. GAMMA Investing LLC increased its holdings in SPS Commerce by 17.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,904 shares of the software maker’s stock worth $322,000 after acquiring an additional 573 shares during the period. Farther Finance Advisors LLC increased its holdings in SPS Commerce by 88.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker’s stock worth $90,000 after acquiring an additional 512 shares during the period. Finally, Moody National Bank Trust Division purchased a new stake in SPS Commerce in the 3rd quarter worth approximately $1,336,000. Institutional investors own 98.96% of the company’s stock.

About SPS Commerce

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.