Stifel Nicolaus Issues Positive Forecast for SPS Commerce (NASDAQ:SPSC) Stock Price

Key Points

• Stifel Nicolaus raised its SPS Commerce price target from $70 to $85 while maintaining a “Hold” rating, implying approximately 1.48% upside from the prior close.
• Analyst sentiment remains cautious overall: SPS Commerce has a consensus “Hold” rating and an average price target of $78.60, based on ratings from 11 analysts.
• The company exceeded quarterly expectations, reporting $1.27 in EPS versus $1.09 expected and $197.81 million in revenue, up 5.6% year over year; institutional investors own nearly 99% of the stock.

SPS Commerce (NASDAQ:SPSC - Get Free Report) had its price target increased by equities research analysts at Stifel Nicolaus from $70.00 to $85.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "hold" rating on the software maker's stock. Stifel Nicolaus' target price suggests a potential upside of 1.48% from the company's previous close.

SPSC has been the topic of a number of other reports. DA Davidson set a $65.00 target price on shares of SPS Commerce in a report on Friday, July 31st. Zacks Research upgraded shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings raised shares of SPS Commerce from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Morgan Stanley restated an "underweight" rating and issued a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $78.60.

SPS Commerce Stock Performance

SPS Commerce stock opened at $83.76 on Wednesday. The company has a market capitalization of $3.02 billion, a P/E ratio of 25.33 and a beta of 0.62. SPS Commerce has a fifty-two week low of $49.04 and a fifty-two week high of $114.87. The stock has a 50-day simple moving average of $80.66 and a 200-day simple moving average of $65.64.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The company had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. 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. As a group, analysts forecast that SPS Commerce will post 3.56 earnings per share for the current year.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds have recently modified their holdings of the stock. Castle Rock Wealth Management LLC purchased a new position in SPS Commerce in the 3rd quarter valued at $630,000. GAMMA Investing LLC raised its position in SPS Commerce by 17.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,904 shares of the software maker's stock worth $322,000 after buying an additional 573 shares during the last quarter. Farther Finance Advisors LLC raised its position in SPS Commerce by 88.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker's stock worth $90,000 after buying an additional 512 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in shares of SPS Commerce in the 3rd quarter worth $1,336,000. Finally, Versant Capital Management Inc lifted its stake in shares of SPS Commerce by 11.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker's stock worth $142,000 after acquiring an additional 182 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps trading partners connect and exchange business documents, coordinate orders and shipments, manage product information, and improve visibility across the retail supply chain.

The company's offerings include electronic data interchange (EDI), order management, fulfillment and shipping tools, product content management, inventory visibility, analytics and retail compliance solutions.

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