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 report released on Sunday morning,Wall Street Zen reports.

A number of other equities analysts also recently commented on SPSC. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Citigroup reiterated a “buy” rating and issued a $99.00 price target (up from $82.00) on shares of SPS Commerce in a report on Tuesday, October 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Finally, Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $81.80.

SPS Commerce Stock Down 4.8%

NASDAQ SPSC opened at $86.24 on Friday. SPS Commerce has a 1-year low of $49.04 and a 1-year high of $112.20. The business’s 50-day simple moving average is $83.05 and its 200-day simple moving average is $68.55.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The business had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. During the same period last year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. On average, equities research analysts predict that SPS Commerce will post 3.56 EPS for the current year.

Institutional Investors Weigh In On SPS Commerce

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in SPS Commerce by 72.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker’s stock worth $27,000 after buying an additional 140 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of SPS Commerce during the second quarter valued at about $38,000. Allworth Financial LP acquired a new stake in shares of SPS Commerce during the second quarter valued at about $45,000. Sterling Capital Management LLC increased its position in shares of SPS Commerce by 163.6% during the third quarter. Sterling Capital Management LLC now owns 1,007 shares of the software maker’s stock worth $83,000 after acquiring an additional 625 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of SPS Commerce by 88.6% during the third quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker’s stock worth $90,000 after acquiring an additional 512 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.