SPS Commerce (NASDAQ:SPSC) Downgraded to Hold Rating by Wall Street Zen

SPS Commerce (NASDAQ:SPSC) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also issued reports on SPSC. Northland Securities set a $109.00 target price on SPS Commerce in a report on Friday, October 31st. Robert W. Baird set a $104.00 price target on SPS Commerce in a research report on Friday, October 31st. Weiss Ratings downgraded SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Stifel Nicolaus restated a “hold” rating and set a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research report on Friday, October 31st. Finally, Cantor Fitzgerald downgraded SPS Commerce from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $135.00 to $80.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.80.

SPS Commerce Trading Up 1.3%

NASDAQ SPSC opened at $94.49 on Friday. SPS Commerce has a 1 year low of $73.05 and a 1 year high of $197.59. The company has a market cap of $3.56 billion, a PE ratio of 42.37 and a beta of 0.58. The stock’s 50-day moving average price is $85.67 and its two-hundred day moving average price is $106.18.

SPS Commerce (NASDAQ:SPSC) last released 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 net margin of 11.65% and a return on equity of 12.17%. The business had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. During the same period last year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue 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. Research analysts forecast that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Activity at SPS Commerce

In related news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the sale, the director owned 9,158 shares of the company’s stock, valued at approximately $844,917.08. The trade was a 15.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.98% of the company’s stock.

Institutional Trading of SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in SPSC. Hardy Reed LLC grew its position in SPS Commerce by 2.8% in the second quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock worth $374,000 after acquiring an additional 75 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. New York State Teachers Retirement System increased its position in SPS Commerce by 0.8% during the second quarter. New York State Teachers Retirement System now owns 12,828 shares of the software maker’s stock worth $1,746,000 after buying an additional 100 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its position in SPS Commerce by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 11,161 shares of the software maker’s stock worth $1,519,000 after buying an additional 103 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

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.