Wall Street Zen Downgrades SPS Commerce (NASDAQ:SPSC) to Hold

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

SPSC has been the topic of a number of other research reports. Stifel Nicolaus set a $60.00 target price on shares of SPS Commerce in a research note on Friday, May 1st. Rothschild & Co Redburn set a $60.00 price target on SPS Commerce and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Needham & Company LLC decreased their price target on SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Zacks Research lowered SPS Commerce from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, DA Davidson set a $55.00 price objective on SPS Commerce and gave the company a “neutral” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SPS Commerce has an average rating of “Hold” and a consensus price target of $76.45.

SPS Commerce Trading Down 0.2%

Shares of NASDAQ:SPSC opened at $65.59 on Friday. The company has a fifty day simple moving average of $56.35 and a 200 day simple moving average of $64.17. The firm has a market cap of $2.41 billion, a PE ratio of 27.33 and a beta of 0.56. SPS Commerce has a 12-month low of $49.04 and a 12-month high of $143.55.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The firm had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. During the same period in the prior year, the firm posted $1.00 EPS. The firm’s 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. As a group, equities research analysts forecast that SPS Commerce will post 3.35 EPS for the current fiscal year.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. grew its position in shares of SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the last quarter. AQR Capital Management LLC lifted its position in SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after purchasing an additional 275 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of SPS Commerce by 137.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock valued at $88,000 after purchasing an additional 376 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of SPS Commerce by 83.2% during the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock valued at $1,379,000 after purchasing an additional 4,602 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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.