FY2026 EPS Estimates for SPS Commerce Lowered by DA Davidson

Key Points

• DA Davidson has revised its FY2026 earnings estimate for SPS Commerce down from $3.41 to $3.25 per share, while maintaining a "Hold" rating and a $125 price target.
• Multiple analysts have adjusted target prices for SPS Commerce, with Stifel Nicolaus lowering it to $165 and Loop Capital downgrading to a target of $120.
• The stock is currently trading at around $103.88, with institutional investors holding 98.96% of its shares, reflecting strong support in the market.

SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) - DA Davidson cut their FY2026 earnings per share estimates for shares of SPS Commerce in a report issued on Thursday, July 31st. DA Davidson analyst G. Luria now anticipates that the software maker will earn $3.25 per share for the year, down from their prior forecast of $3.41. DA Davidson has a "Hold" rating and a $125.00 price objective on the stock. The consensus estimate for SPS Commerce's current full-year earnings is $2.73 per share.

Several other brokerages also recently commented on SPSC. Loop Capital downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating and decreased their target price for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Robert W. Baird lifted their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Stifel Nicolaus cut their price objective on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Wall Street Zen upgraded SPS Commerce from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Needham & Company LLC cut their price objective on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Down 1.6%

Shares of SPS Commerce stock traded down $1.72 during trading on Monday, hitting $108.68. 274,675 shares of the stock traded hands, compared to its average volume of 344,319. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 49.84 and a beta of 0.71. The firm's fifty day moving average is $135.27 and its 200-day moving average is $142.01. SPS Commerce has a 52 week low of $102.05 and a 52 week high of $204.20.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. SPS Commerce's quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of SPS Commerce by 505.3% in the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker's stock worth $177,587,000 after purchasing an additional 1,110,476 shares during the last quarter. FMR LLC raised its position in SPS Commerce by 109.7% in the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after buying an additional 742,686 shares during the last quarter. Nuveen LLC purchased a new position in SPS Commerce in the 1st quarter worth about $37,546,000. Fiera Capital Corp purchased a new position in SPS Commerce in the 1st quarter worth about $31,311,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker's stock worth $117,813,000 after buying an additional 225,848 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

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.