Northland Capmk Upgrades SPS Commerce (NASDAQ:SPSC) to Strong-Buy

SPS Commerce (NASDAQ:SPSC) was upgraded by Northland Capmk from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Several other research analysts have also commented on SPSC. Stifel Nicolaus reissued a “hold” rating and issued a $80.00 price target (down from $150.00) on shares of SPS Commerce in a research report on Friday. Robert W. Baird set a $104.00 price target on shares of SPS Commerce in a research report on Friday. Weiss Ratings lowered shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price (down from $160.00) on shares of SPS Commerce in a research note on Friday. Finally, Northland Securities set a $109.00 price target on shares of SPS Commerce in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.80.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $82.24 on Friday. SPS Commerce has a one year low of $73.05 and a one year high of $201.06. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 37.72 and a beta of 0.69. The company’s 50-day simple moving average is $107.99 and its two-hundred day simple moving average is $125.17.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. Equities analysts expect that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake 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 purchasing an additional 1,110,476 shares during the last quarter. Norges Bank acquired a new stake in shares of SPS Commerce during the second quarter worth about $57,540,000. Nuveen LLC purchased a new stake in SPS Commerce in the first quarter valued at approximately $37,546,000. Disciplined Growth Investors Inc. MN increased its holdings in SPS Commerce by 188.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock worth $57,855,000 after buying an additional 277,499 shares during the period. Finally, Fiera Capital Corp purchased a new position in SPS Commerce during the 1st quarter worth approximately $31,311,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

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.