SPS Commerce (NASDAQ:SPSC) Raised to Buy at Wall Street Zen

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

Other research analysts have also recently issued reports about the stock. Craig Hallum cut shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Friday, February 13th. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a report on Friday, February 13th. Needham & Company LLC cut their price target on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a report on Friday, May 1st. Morgan Stanley set a $70.00 price target on shares of SPS Commerce in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $60.00 price target on shares of SPS Commerce in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.45.

SPS Commerce Stock Performance

Shares of SPSC opened at $51.17 on Friday. SPS Commerce has a fifty-two week low of $49.04 and a fifty-two week high of $151.40. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 21.32 and a beta of 0.58. The firm has a 50-day simple moving average of $56.54 and a 200-day simple moving average of $73.15.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.51 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’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. Equities research analysts forecast that SPS Commerce will post 3.41 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In other news, EVP Jamie Thingelstad sold 2,418 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total transaction of $132,844.92. Following the completion of the transaction, the executive vice president directly owned 56,344 shares of the company’s stock, valued at $3,095,539.36. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 6,300 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $369,558.00. Following the transaction, the chief financial officer directly owned 145,452 shares of the company’s stock, valued at approximately $8,532,214.32. This trade represents a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 23,102 shares of company stock valued at $1,345,408. Company insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of SPS Commerce by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,944,449 shares of the software maker’s stock worth $514,915,000 after purchasing an additional 249,351 shares in the last quarter. State Street Corp boosted its position in SPS Commerce by 0.6% during the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock worth $130,871,000 after acquiring an additional 8,163 shares during the last quarter. UBS Group AG boosted its position in SPS Commerce by 182.3% during the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after acquiring an additional 836,407 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in 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 acquiring an additional 367,346 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in 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. 98.96% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

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.