SPS Commerce Q3 EPS Forecast Cut by Northland Securities

SPS Commerce, Inc. (NASDAQ:SPSC) – Equities research analysts at Northland Securities cut their Q3 2026 earnings per share estimates for shares of SPS Commerce in a research note issued on Friday, July 31st. Northland Securities analyst N. Chokshi now forecasts that the software maker will post earnings per share of $0.91 for the quarter, down from their prior forecast of $1.01. The consensus estimate for SPS Commerce’s current full-year earnings is $3.46 per share. Northland Securities also issued estimates for SPS Commerce’s Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.57 EPS and FY2027 earnings at $4.02 EPS.

Several other research analysts also recently weighed in on the company. Zacks Research raised SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $70.00 price target on shares of SPS Commerce and gave the company a “hold” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating on shares of SPS Commerce in a report on Tuesday, July 28th. Rothschild & Co Redburn set a $60.00 price objective on shares of SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.60.

SPS Commerce Trading Down 1.7%

Shares of SPSC opened at $74.25 on Wednesday. The firm has a market cap of $2.67 billion, a P/E ratio of 35.87 and a beta of 0.53. SPS Commerce has a 12 month low of $49.04 and a 12 month high of $117.37. The stock’s 50 day moving average is $59.77 and its two-hundred day moving average is $61.88.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The company had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.SPS Commerce’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS.

Institutional Investors Weigh In On SPS Commerce

Several large investors have recently bought and sold shares of SPSC. Advisors Asset Management Inc. boosted its stake in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares during the last quarter. AQR Capital Management LLC raised its stake in SPS Commerce by 2.0% in the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after purchasing an additional 275 shares during the last quarter. NewEdge Advisors LLC raised its stake in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in SPS Commerce by 137.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock valued at $88,000 after purchasing an additional 376 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in SPS Commerce by 83.2% in the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock valued at $1,379,000 after purchasing an additional 4,602 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

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.