SPS Commerce (NASDAQ:SPSC) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of SPS Commerce (NASDAQ:SPSC) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

SPSC has been the topic of a number of other research reports. Cantor Fitzgerald set a $60.00 price target on SPS Commerce and gave the stock a “neutral” rating in a research note on Friday, May 1st. DA Davidson set a $55.00 price objective on SPS Commerce and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus set a $60.00 price objective on SPS Commerce in a report on Friday, May 1st. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Needham & Company LLC cut their target price on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and an average target price of $76.45.

SPS Commerce Price Performance

Shares of SPSC opened at $65.72 on Friday. SPS Commerce has a 1-year low of $49.04 and a 1-year high of $141.98. The stock has a market cap of $2.41 billion, a PE ratio of 27.38 and a beta of 0.56. The firm has a fifty day moving average price of $56.61 and a 200 day moving average price of $63.80.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The company had revenue of $192.12 million for the quarter, compared to analyst estimates of $192.50 million. During the same quarter last year, the company posted $1.00 earnings per share. The business’s quarterly 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 analysts expect that SPS Commerce will post 3.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPSC. UBS Group AG raised its stake in shares of SPS Commerce by 182.3% during the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after buying an additional 836,407 shares in the last quarter. Norges Bank purchased a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $49,883,000. Irenic Capital Management LP purchased a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $40,293,000. Walleye Capital LLC boosted its stake in shares of SPS Commerce by 1,749.1% in the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock valued at $25,477,000 after buying an additional 432,886 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its holdings in SPS Commerce by 86.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after acquiring an additional 367,346 shares during the period. 98.96% of the stock is currently 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.