SPS Commerce, Inc. (NASDAQ:SPSC) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst sentiment is mixed: SPS Commerce has an average “Hold” rating from 11 brokerages, with two sells, six holds, two buys and one strong buy. The average 12-month price target is $77.10, below the stock’s reported $84.92 opening price.
• Institutional ownership is substantial: Hedge funds and other institutions own 98.96% of SPS Commerce, with major recent positions from BlackRock, California State Teachers’ Retirement System and Jupiter Topco.
• Recent results exceeded expectations: The company reported quarterly earnings of $1.27 per share versus the $1.09 consensus and revenue of $197.81 million versus $195.46 million expected. Revenue increased 5.6% year over year, while management issued third-quarter and full-year 2026 EPS guidance.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have earned an average recommendation of "Hold" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $77.10.

SPSC has been the topic of a number of research reports. Stifel Nicolaus set a $70.00 price objective on shares of SPS Commerce and gave the stock a "hold" rating in a report on Friday, July 31st. DA Davidson set a $65.00 price target on shares of SPS Commerce in a research 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. Citigroup reissued a "buy" rating and set a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th.

Institutional Trading of SPS Commerce

A number of hedge funds and other institutional investors have recently bought and sold shares of SPSC. BlackRock Inc. bought a new position in SPS Commerce during the second quarter valued at $339,259,000. California State Teachers Retirement System increased its stake in shares of SPS Commerce by 6,817.1% during the second quarter. California State Teachers Retirement System now owns 3,059,910 shares of the software maker's stock valued at $174,935,000 after buying an additional 3,015,673 shares during the period. Jupiter Topco LLC purchased a new position in shares of SPS Commerce during the second quarter valued at $56,260,000. Norges Bank bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $49,883,000. Finally, Irenic Capital Management LP bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $40,293,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

SPSC stock opened at $84.92 on Monday. SPS Commerce has a 1 year low of $49.04 and a 1 year high of $114.87. The company has a market cap of $3.06 billion, a P/E ratio of 41.02 and a beta of 0.53. The stock's fifty day moving average price is $68.09 and its 200-day moving average price is $60.72.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source