SPS Commerce (NASDAQ:SPSC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SPS Commerce (NASDAQ:SPSC) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

SPSC has been the subject of several other research reports. Needham & Company LLC decreased their price objective on SPS Commerce from $210.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, July 31st. DA Davidson cut SPS Commerce from a “strong-buy” rating to a “hold” rating and decreased their price objective for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Morgan Stanley decreased 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. Cantor Fitzgerald began coverage on SPS Commerce in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.80.

SPS Commerce Trading Up 2.9%

SPSC stock opened at $110.27 on Friday. The stock has a 50-day moving average price of $116.94 and a two-hundred day moving average price of $129.89. The stock has a market cap of $4.18 billion, a PE ratio of 50.58 and a beta of 0.70. SPS Commerce has a 1 year low of $102.05 and a 1 year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. 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 forecast that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after acquiring an additional 1,110,476 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in SPS Commerce by 0.9% during the first quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker’s stock worth $167,264,000 after acquiring an additional 11,590 shares during the last quarter. Geode Capital Management LLC lifted its position in SPS Commerce by 1.2% during the second quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after acquiring an additional 12,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in SPS Commerce by 34.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after acquiring an additional 225,848 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its position in SPS Commerce by 7.5% during the second quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after acquiring an additional 43,330 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.