SPS Commerce (NASDAQ:SPSC) Rating Lowered to Hold at Wall Street Zen

SPS Commerce (NASDAQ:SPSC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other research firms also recently commented on SPSC. Morgan Stanley decreased their target price on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Stifel Nicolaus dropped 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. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and dropped their target price for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of SPS Commerce in a report on Wednesday, September 24th. Finally, Cantor Fitzgerald decreased their price target on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.30.

SPS Commerce Trading Down 1.2%

SPS Commerce stock opened at $105.05 on Friday. The firm has a 50 day moving average of $113.62 and a 200 day moving average of $129.19. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 48.19 and a beta of 0.70. SPS Commerce has a 12-month low of $102.05 and a 12-month high of $201.06.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. During the same period last year, the firm posted $0.80 earnings per share. SPS Commerce’s revenue for the quarter 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. On average, analysts predict that SPS Commerce will post 2.73 EPS for the current year.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp lifted its stake in shares of SPS Commerce by 15.4% during the second quarter. Texas Permanent School Fund Corp now owns 17,866 shares of the software maker’s stock worth $2,431,000 after purchasing an additional 2,387 shares in the last quarter. Caxton Associates LLP acquired a new stake in SPS Commerce during the second quarter valued at approximately $2,007,000. Public Sector Pension Investment Board grew its holdings in shares of SPS Commerce by 7.5% during the second quarter. Public Sector Pension Investment Board now owns 129,429 shares of the software maker’s stock valued at $17,614,000 after purchasing an additional 9,082 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of SPS Commerce by 715.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,271 shares of the software maker’s stock worth $853,000 after purchasing an additional 5,502 shares during the period. Finally, Corient Private Wealth LLC raised its position in shares of SPS Commerce by 101.3% during the 2nd quarter. Corient Private Wealth LLC now owns 7,340 shares of the software maker’s stock worth $999,000 after purchasing an additional 3,694 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 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.