Brokerages Set SPS Commerce, Inc. (NASDAQ:SPSC) Target Price at $110.80

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have earned an average rating of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $110.80.

Several equities analysts have recently issued reports on SPSC shares. Loop Capital lowered shares of SPS Commerce from a “buy” rating to a “hold” rating and decreased their price target for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Northland Capmk raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Stifel Nicolaus restated a “hold” rating and issued a $80.00 price objective (down previously from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, DA Davidson reduced their price target on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, October 31st.

Institutional Investors Weigh In On SPS Commerce

A number of large investors have recently added to or reduced their stakes in the business. Hardy Reed LLC boosted its position in SPS Commerce by 2.8% during the second quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock worth $374,000 after purchasing an additional 75 shares during the period. Journey Strategic Wealth LLC raised its position in shares of SPS Commerce by 4.3% in the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker’s stock valued at $255,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. lifted its stake in shares of SPS Commerce by 60.6% during the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of SPS Commerce by 1.0% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker’s stock worth $1,230,000 after buying an additional 90 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after buying an additional 92 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $82.04 on Monday. The stock has a market cap of $3.09 billion, a PE ratio of 37.63 and a beta of 0.71. The stock has a 50-day moving average of $104.98 and a 200-day moving average of $123.56. SPS Commerce has a one year low of $73.05 and a one year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last issued 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. 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 during the quarter, compared to analysts’ expectations of $192.68 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter 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 anticipate that SPS Commerce will post 2.73 earnings per share for the current year.

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.