SPS Commerce (NASDAQ:SPSC) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of SPS Commerce (NASDAQ:SPSC) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

SPSC has been the subject of several other research reports. Stifel Nicolaus set a $60.00 price objective on SPS Commerce in a research note on Friday, May 1st. Rothschild & Co Redburn set a $60.00 target price on SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Morgan Stanley lowered SPS Commerce from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $70.00 to $57.00 in a research report on Tuesday. Weiss Ratings raised SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Finally, DA Davidson set a $55.00 target price on shares of SPS Commerce and gave the company a “neutral” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.82.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $62.03 on Monday. SPS Commerce has a 52-week low of $49.04 and a 52-week high of $141.98. The company has a market capitalization of $2.28 billion, a PE ratio of 25.85 and a beta of 0.56. The company has a fifty day moving average of $56.81 and a 200-day moving average of $63.60.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. During the same quarter last year, the business posted $1.00 EPS. SPS Commerce’s revenue for the quarter was up 5.8% on a year-over-year basis. 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. On average, equities analysts forecast that SPS Commerce will post 3.43 EPS for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

A number of hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in shares of SPS Commerce by 182.3% in the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after acquiring an additional 836,407 shares in the last quarter. Norges Bank bought a new position in shares of SPS Commerce during the 4th quarter worth about $49,883,000. Irenic Capital Management LP acquired a new stake in SPS Commerce in the fourth quarter valued at approximately $40,293,000. Walleye Capital LLC increased its holdings in shares of SPS Commerce by 1,749.1% during the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock valued at $25,477,000 after acquiring an additional 432,886 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of 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 purchasing an additional 367,346 shares during the period. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Company Profile

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.