Analysts Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $165.80

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $165.80.

Several equities analysts have weighed in on SPSC shares. Morgan Stanley reduced their price objective on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Needham & Company LLC reduced their price target on SPS Commerce from $210.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. DA Davidson cut SPS Commerce from a “strong-buy” rating to a “hold” rating and reduced their price target for the company from $175.00 to $125.00 in a research report on Thursday, July 31st. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and reduced their price target for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Finally, Stifel Nicolaus reduced their price target on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 31st.

SPS Commerce Trading Up 1.4%

Shares of NASDAQ SPSC opened at $108.65 on Friday. The stock has a fifty day simple moving average of $118.05 and a two-hundred day simple moving average of $130.23. SPS Commerce has a 1-year low of $102.05 and a 1-year high of $201.06. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 49.84 and a beta of 0.70.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. During the same period in the prior year, the company earned $0.80 earnings per share. SPS Commerce’s revenue was up 22.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. Analysts forecast that SPS Commerce will post 2.73 EPS for the current year.

Hedge Funds Weigh In On SPS Commerce

Hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew its position in shares of SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock valued at $30,000 after buying an additional 125 shares during the period. NewEdge Advisors LLC boosted its stake in SPS Commerce by 545.7% during 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 during the period. Allworth Financial LP boosted its stake in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock valued at $33,000 after buying an additional 175 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in SPS Commerce by 105.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker’s stock valued at $40,000 after buying an additional 155 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.