SPS Commerce (NASDAQ:SPSC) Given Neutral Rating at DA Davidson

DA Davidson restated their neutral rating on shares of SPS Commerce (NASDAQ:SPSC) in a research report report published on Thursday morning,Benzinga reports. They currently have a $125.00 price target on the software maker’s stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Morgan Stanley lowered their price objective on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus lowered their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a research note on Wednesday. Finally, Cantor Fitzgerald lowered their price objective on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.30.

SPS Commerce Price Performance

NASDAQ SPSC opened at $104.95 on Thursday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 48.14 and a beta of 0.70. SPS Commerce has a one year low of $102.05 and a one year high of $201.06. The business’s fifty day moving average is $114.92 and its 200-day moving average is $129.44.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to analysts’ expectations of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. Research analysts expect that SPS Commerce will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its holdings in SPS Commerce by 505.3% during the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after buying an additional 1,110,476 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in SPS Commerce by 0.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker’s stock valued at $167,264,000 after buying an additional 11,590 shares in the last quarter. Geode Capital Management LLC grew its holdings in SPS Commerce by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock valued at $132,824,000 after buying an additional 12,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in SPS Commerce by 34.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock valued at $117,813,000 after buying an additional 225,848 shares in the last quarter. Finally, Geneva Capital Management LLC grew its holdings in shares of SPS Commerce by 7.5% during the second quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after purchasing an additional 43,330 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.