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

Wall Street Zen lowered shares of SPS Commerce (NASDAQ:SPSC) from a buy rating to a hold rating in a research note released on Tuesday.

SPSC has been the subject of several other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a report on Wednesday, September 24th. Stifel Nicolaus dropped their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Cantor Fitzgerald dropped their price objective on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SPS Commerce in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and an average target price of $153.70.

SPS Commerce Price Performance

SPSC opened at $109.26 on Tuesday. The stock’s 50 day simple moving average is $109.01 and its 200 day simple moving average is $127.25. SPS Commerce has a 1 year low of $102.05 and a 1 year high of $201.06. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 50.12 and a beta of 0.69.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of SPS Commerce by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock valued at $43,991,000 after purchasing an additional 34,859 shares during the period. KBC Group NV lifted its stake in shares of SPS Commerce by 8.1% in the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after purchasing an additional 124 shares during the period. SG Americas Securities LLC purchased a new position in shares of SPS Commerce in the 1st quarter valued at approximately $1,045,000. Johnson Investment Counsel Inc. lifted its stake in shares of SPS Commerce by 22.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,792 shares of the software maker’s stock valued at $2,285,000 after purchasing an additional 3,110 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of SPS Commerce by 4.8% in the 1st quarter. Royal Bank of Canada now owns 258,395 shares of the software maker’s stock valued at $34,296,000 after purchasing an additional 11,859 shares during the period. 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.