Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) Target Price at $99.22

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $88.90.

A number of analysts recently weighed in on the stock. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a research report on Friday. Morgan Stanley set a $95.00 price objective on shares of SPS Commerce in a research report on Friday. Finally, DA Davidson dropped their price objective on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st.

SPS Commerce News Summary

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Q4 EPS beat and solid profitability — SPS reported $1.14 EPS vs. $1.00 consensus and improved net margin/ROE, showing profitable growth that can support valuation. SPS Commerce (SPSC) Q4 Earnings Beat Estimates
• Positive Sentiment: FY 2026 EPS guidance well above street — management set FY EPS at $4.420–4.500 versus ~4.07 consensus, signaling confidence in full‑year profitability and underlying margin leverage. SPSC Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Board refresh — company appointed two independent directors (Michael McConnell and Fumbi Chima), a governance move that may be viewed neutrally to mildly positive over time. SPS Commerce Appoints New Independent Directors to the Board
• Neutral Sentiment: Q1 EPS guidance roughly inline — management gave Q1 EPS guidance of $0.950–0.990 vs. consensus ~0.970, so near‑term earnings expectations are broadly as anticipated. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue slightly missed estimates — Q4 revenue was $192.65M vs. $193.6M consensus, and while revenue grew 12.7% YoY this miss pressures top‑line momentum expectations. SPS Commerce Q4 Earnings (MarketBeat)
• Negative Sentiment: Q1 revenue guidance below street — management guided Q1 revenue $191.6M–$193.6M vs. ~$197M consensus, implying near‑term revenue softness that likely weighs on multiple and near‑term growth expectations. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Insider selling — a director sold 1,000 shares at ~$79.92 recently; small in size but often read negatively by the market when combined with other soft top‑line signals. SPS Commerce Director Marty Reaume Sells 1,000 Shares

Insider Activity at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of SPS Commerce stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $79.92, for a total transaction of $79,920.00. Following the transaction, the director owned 9,158 shares in the company, valued at $731,907.36. The trade was a 9.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Institutional Trading of SPS Commerce

Several hedge funds have recently bought and sold shares of SPSC. Bank of Montreal Can grew its position in shares of SPS Commerce by 95.6% during the 2nd quarter. Bank of Montreal Can now owns 24,403 shares of the software maker’s stock worth $3,321,000 after purchasing an additional 11,927 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in SPS Commerce during the third quarter worth approximately $51,878,000. Fenimore Asset Management Inc increased its stake in SPS Commerce by 17.8% during the 3rd quarter. Fenimore Asset Management Inc now owns 145,888 shares of the software maker’s stock worth $15,193,000 after acquiring an additional 22,036 shares during the period. Buckhead Capital Management LLC raised its holdings in SPS Commerce by 284.7% in the 3rd quarter. Buckhead Capital Management LLC now owns 35,945 shares of the software maker’s stock valued at $3,743,000 after acquiring an additional 26,602 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of SPS Commerce during the 2nd quarter valued at $2,007,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $61.92 on Wednesday. The firm has a fifty day moving average of $87.34 and a two-hundred day moving average of $96.96. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 25.27 and a beta of 0.56. SPS Commerce has a 52 week low of $61.28 and a 52 week high of $153.16.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. SPS Commerce had a return on equity of 12.84% and a net margin of 12.42%.The business had revenue of $192.65 million during the quarter, compared to the consensus estimate of $193.60 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, research analysts forecast that SPS Commerce will post 2.73 EPS for the current fiscal year.

About SPS Commerce

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.