FY2026 EPS Estimates for SPS Commerce Cut 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) - Research analysts at DA Davidson dropped their FY2026 earnings estimates for shares of SPS Commerce in a research note issued to investors on Thursday, July 31st. DA Davidson analyst G. Luria now forecasts that the software maker will earn $3.25 per share for the year, down from their previous estimate of $3.41. DA Davidson has a "Hold" rating and a $125.00 price target on the stock. The consensus estimate for SPS Commerce's current full-year earnings is $2.73 per share.

Several other analysts have also commented on the company. Stifel Nicolaus dropped their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday. Needham & Company LLC cut their target price on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday. Loop Capital downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating and lowered their price target for the stock from $175.00 to $120.00 in a report on Thursday. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective for the company. Finally, Robert W. Baird raised their target price on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, SPS Commerce has a consensus rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $103.88 on Monday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 47.65 and a beta of 0.71. The firm's fifty day moving average is $137.36 and its two-hundred day moving average is $143.05. SPS Commerce has a one year low of $103.18 and a one year high of $204.21.

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

Hedge Funds Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. raised its stake in SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after buying an additional 125 shares in the last quarter. NewEdge Advisors LLC boosted its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after acquiring an additional 191 shares during the last quarter. Allworth Financial LP grew its stake in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in SPS Commerce by 105.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after acquiring an additional 155 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.