Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $106.80

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been given an average rating of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $106.80.

A number of research firms have commented on SPSC. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price (down previously from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Weiss Ratings downgraded shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Stifel Nicolaus reissued a “hold” rating and set a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Cantor Fitzgerald downgraded shares of SPS Commerce from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $135.00 to $80.00 in a research note on Friday, October 31st. Finally, DA Davidson lowered their target price on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, October 31st.

Insiders Place Their Bets

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of SPS Commerce stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the transaction, the director owned 9,158 shares in the company, valued at $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is currently owned by insiders.

Institutional Trading of SPS Commerce

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake 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 worth $52,000 after acquiring an additional 112 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 last quarter. NewEdge Advisors LLC increased its position in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Strs Ohio acquired a new position in shares of SPS Commerce during the first quarter worth $465,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 2.2%

Shares of NASDAQ:SPSC opened at $91.13 on Friday. The business’s 50 day moving average is $87.23 and its 200 day moving average is $103.39. The stock has a market cap of $3.44 billion, a P/E ratio of 40.87 and a beta of 0.58. SPS Commerce has a 52-week low of $73.05 and a 52-week high of $197.59.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.14. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The business had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $192.68 million. During the same period in the prior year, the business earned $0.92 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. On average, sell-side analysts anticipate that SPS Commerce will post 2.73 EPS for the current fiscal year.

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.