Wall Street Zen Upgrades SPS Commerce (NASDAQ:SPSC) to “Buy”

SPS Commerce (NASDAQ:SPSC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

SPSC has been the topic of a number of other research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research report 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 report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. Zacks Research raised SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SPS Commerce currently has an average rating of “Hold” and a consensus price target of $78.60.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $85.25 on Friday. The firm has a market capitalization of $3.07 billion, a PE ratio of 41.18 and a beta of 0.62. The business’s 50-day moving average price is $81.44 and its 200-day moving average price is $66.30. SPS Commerce has a 12 month low of $49.04 and a 12 month high of $114.87.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) 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 business had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same quarter in the prior year, the firm earned $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. As a group, analysts predict that SPS Commerce will post 3.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors have recently added to or reduced their stakes in SPSC. Integrated Wealth Concepts LLC bought a new position in shares of SPS Commerce during the second quarter valued at about $38,000. Allworth Financial LP bought a new stake in shares of SPS Commerce in the second quarter worth about $45,000. 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 valued at $90,000 after purchasing an additional 512 shares during the period. Pacer Advisors Inc. increased its holdings in SPS Commerce by 55.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker’s stock valued at $79,000 after purchasing an additional 503 shares during the period. Finally, Leonteq Securities AG increased its holdings in SPS Commerce by 143.0% during the 1st quarter. Leonteq Securities AG now owns 1,431 shares of the software maker’s stock valued at $80,000 after purchasing an additional 842 shares during the period. Hedge funds and other institutional investors 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 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.