SPS Commerce (NASDAQ:SPSC) Upgraded at Zacks Research

Zacks Research upgraded shares of SPS Commerce (NASDAQ:SPSC) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Morgan Stanley lowered SPS Commerce from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $70.00 to $57.00 in a report on Tuesday. DA Davidson set a $55.00 price target on SPS Commerce and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Cantor Fitzgerald set a $60.00 price target on SPS Commerce and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Needham & Company LLC lowered their price objective on SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, SPS Commerce has a consensus rating of “Hold” and an average price target of $75.82.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $60.12 on Monday. SPS Commerce has a one year low of $49.04 and a one year high of $141.98. The company has a market cap of $2.21 billion, a PE ratio of 25.05 and a beta of 0.56. The business has a 50-day simple moving average of $57.01 and a 200-day simple moving average of $63.40.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The firm had revenue of $192.12 million for the quarter, compared to analysts’ expectations of $192.50 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s 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. On average, sell-side analysts predict that SPS Commerce will post 3.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPS Commerce

Several hedge funds have recently made changes to their positions in the company. UBS Group AG increased its position in SPS Commerce by 182.3% during the fourth 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 during the period. Norges Bank purchased a new position in shares of SPS Commerce during the fourth quarter worth about $49,883,000. Irenic Capital Management LP purchased a new position in shares of SPS Commerce during the fourth quarter worth about $40,293,000. Walleye Capital LLC increased its position in SPS Commerce by 1,749.1% in the 1st quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock valued at $25,477,000 after acquiring an additional 432,886 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its position in SPS Commerce by 86.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock valued at $82,528,000 after acquiring an additional 367,346 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.