SPS Commerce (SPSC) Stock Price, News & Analysis

Company Overview

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. SPS Commerce’s Retail Network provides prebuilt integrations to major retail and e-commerce platforms, while its Fulfillment Network streamlines back-end operations for suppliers shipping to multiple retailers. Advanced analytics tools deliver actionable insights on sales performance, inventory levels and trading partner compliance, empowering customers to optimize their supply chain strategies and respond swiftly to market trends.

Founded in 1987 and headquartered in Minneapolis, Minnesota, SPS Commerce completed its initial public offering on the Nasdaq in 2010 under the ticker SPSC. Over the years, it has expanded its global footprint with offices and data centers across North America, Europe and Asia-Pacific, serving more than 120,000 trading partners. Under the leadership of CEO Archie Black, the company continues to invest in research and development, driving innovation in cloud integration and supply chain intelligence.

Key Stats

• Today's Range: $105.05 to $108.36
• 50-Day Range: $103.88 to $142.50
• 52-Week Range: $102.05 to $201.06
• Volume: 340,294 shs
• Average Volume: 361,314 shs
• Market Capitalization: $4.09 billion
• P/E Ratio: 49.51
• Dividend Yield: N/A
• Price Target: $165.80
• Consensus Rating: Moderate Buy

SPS Commerce Stock Analysis - MarketRank™

SPS Commerce scored higher than 70% of companies evaluated by MarketBeat, and ranked 98th out of 324 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SPS Commerce has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.

Upside Potential

SPS Commerce has a consensus price target of $165.80, representing about 53.6% upside from its current price of $107.93.

Amount of Analyst Coverage

SPS Commerce has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 22.71%

Earnings Growth

Earnings for SPS Commerce are expected to grow by 22.71% in the coming year, from $2.73 to $3.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SPS Commerce is 49.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.71.

Price to Earnings Ratio vs. Sector

The P/E ratio of SPS Commerce is 49.51, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 26.74.

Price to Book Value per Share Ratio

SPS Commerce has a P/B Ratio of 4.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.09% of the float of SPS Commerce has been sold short.

Short Interest Ratio / Days to Cover

SPS Commerce has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in SPS Commerce has recently increased by 6.70%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SPS Commerce does not currently pay a dividend.

Dividend Growth

SPS Commerce does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.09% of the float of SPS Commerce has been sold short.

Short Interest Ratio / Days to Cover

SPS Commerce has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in SPS Commerce has recently increased by 6.70%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.20

News Sentiment

SPS Commerce has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.93 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for SPS Commerce this week, compared to 9 articles on an average week.

MarketBeat Follows

Only 2 people have added SPS Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SPS Commerce insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.98% of the stock of SPS Commerce is held by insiders.

Percentage Held by Institutions

98.96% of the stock of SPS Commerce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SPSC Stock Analysis - Frequently Asked Questions

How have SPSC shares performed this year?

SPS Commerce's stock was trading at $183.99 at the start of the year. Since then, SPSC stock has decreased by 41.3% and is now trading at $107.93.

How were SPS Commerce's earnings last quarter?

SPS Commerce, Inc. (NASDAQ:SPSC) posted its quarterly earnings data 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's revenue was up 22.0% on a year-over-year basis.
Read the conference call transcript.

When did SPS Commerce's stock split?

Shares of SPS Commerce split on Thursday, August 22nd 2019.The 2-1 split was announced on Thursday, July 25th 2019. The newly minted shares were payable to shareholders after the closing bell on Wednesday, August 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are SPS Commerce's major shareholders?

SPS Commerce's top institutional investors include State Street Corp (3.87%), Nordea Investment Management AB (3.50%), Conestoga Capital Advisors LLC (3.29%) and Geode Capital Management LLC (2.57%). Insiders that own company stock include Chadwick Collins, Kimberly K Nelson, Dan Juckniess, Archie C Black, James J Frome, Philip Soran, Sven Wehrwein, James Burr Ramsey and Marty M Reaume.
View institutional ownership trends.

How do I buy shares of SPS Commerce?

Shares of SPSC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of SPS Commerce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SPS Commerce investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), ServiceNow (NOW), Tesla (TSLA), Adobe (ADBE) and Netflix (NFLX).

Company Calendar

• Last Earnings: 7/30/2025
• Today: 9/16/2025
• Next Earnings (Estimated): 10/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: BUSINESS SVCS
• Sub-Industry: Internet Software & Services
• Current Symbol: NASDAQ:SPSC
• CIK: 1092699
• Web: www.spscommerce.com
• Phone: (612) 435-9400
• Fax: 612-435-9401
• Employees: 2,783
• Year Founded: 1987

Price Target and Rating

• Average Price Target for SPS Commerce: $165.80
• High Price Target: $233.00
• Low Price Target: $120.00
• Potential Upside/Downside: +55.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.18
• Trailing P/E Ratio: 48.80
• Forward P/E Ratio: 39.11
• P/E Growth: N/A
• Net Income: $77.05 million
• Net Margins: 11.79%
• Pretax Margin: 15.51%
• Return on Equity: 12.10%
• Return on Assets: 10.08%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.82
• Quick Ratio: 1.82

Sales & Book Value

• Annual Sales: $637.77 million
• Price / Sales: 6.35
• Cash Flow: $3.67 per share
• Price / Cash Flow: 29.12
• Book Value: $22.75 per share
• Price / Book: 4.69

Miscellaneous

• Outstanding Shares: 37,910,000
• Free Float: 37,537,000
• Market Cap: $4.05 billion
• Optionable: Optionable
• Beta: 0.70