SPS Commerce’s (SPSC) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of SPS Commerce (NASDAQ:SPSC) in a report released on Friday, MarketBeat.com reports. They currently have a $80.00 price objective on the software maker’s stock, down from their previous price objective of $150.00.

Several other equities research analysts have also recently weighed in on SPSC. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective (down previously from $160.00) on shares of SPS Commerce in a research report on Friday. Northland Securities set a $125.00 price objective on shares of SPS Commerce in a research report on Tuesday, September 30th. Wall Street Zen cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings cut shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $140.00 target price (down previously from $170.00) on shares of SPS Commerce in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.80.

SPS Commerce Trading Down 20.8%

Shares of SPSC opened at $82.24 on Friday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 37.72 and a beta of 0.69. SPS Commerce has a 1-year low of $73.05 and a 1-year high of $201.06. The company’s fifty day simple moving average is $107.99 and its 200 day simple moving average is $125.14.

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

Hedge Funds Weigh In On SPS Commerce

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in shares of 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 worth $177,587,000 after purchasing an additional 1,110,476 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of SPS Commerce by 2.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,281,511 shares of the software maker’s stock worth $133,457,000 after purchasing an additional 30,769 shares during the period. Geode Capital Management LLC raised its stake in shares of SPS Commerce by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after purchasing an additional 12,046 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of 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 worth $117,813,000 after purchasing an additional 225,848 shares during the period. Finally, Geneva Capital Management LLC raised its stake in shares of SPS Commerce by 7.5% during the 2nd 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 during the period. 98.96% of the stock is currently owned by institutional investors.

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.