SPS Commerce (NASDAQ:SPSC) Upgraded to “Buy” 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 Saturday morning.

Other analysts also recently issued research reports about the stock. DA Davidson reduced their price target on shares of SPS Commerce from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Rothschild & Co Redburn set a $60.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. Citigroup reduced their price target on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Morgan Stanley set a $70.00 price target on shares of SPS Commerce in a research report on Friday, May 1st. Finally, Needham & Company LLC reduced their price target on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Hold” and an average target price of $76.45.

SPS Commerce Trading Up 2.4%

Shares of NASDAQ:SPSC opened at $51.17 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 21.32 and a beta of 0.58. SPS Commerce has a twelve month low of $49.04 and a twelve month high of $151.40. The firm has a 50 day simple moving average of $56.54 and a 200-day simple moving average of $73.42.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.51 million. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’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 predict that SPS Commerce will post 3.41 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the sale, the director directly owned 9,158 shares of the company’s stock, valued at approximately $530,248.20. This represents a 9.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kimberly K. Nelson sold 6,300 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $369,558.00. Following the completion of the sale, the chief financial officer directly owned 145,452 shares in the company, valued at approximately $8,532,214.32. The trade was a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,102 shares of company stock worth $1,345,408. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Large investors have recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. acquired a new stake in SPS Commerce in the 3rd quarter valued at about $51,878,000. Champlain Investment Partners LLC acquired a new stake in SPS Commerce in the 3rd quarter valued at about $36,735,000. Tudor Investment Corp ET AL grew its stake in SPS Commerce by 161.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 70,389 shares of the software maker’s stock valued at $7,330,000 after acquiring an additional 43,476 shares during the last quarter. Numerai GP LLC grew its stake in SPS Commerce by 529.4% in the 3rd quarter. Numerai GP LLC now owns 59,244 shares of the software maker’s stock valued at $6,170,000 after acquiring an additional 49,831 shares during the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in SPS Commerce in the 4th quarter valued at about $7,389,000. 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.