SPS Commerce (NASDAQ:SPSC) Share Price Breaks Above 200-Day Moving Average - What's Next?

Key Points

• SPS Commerce shares broke above their 200-day moving average, reaching $84.98 and last trading at $82.35 versus the $64.39 average.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a $77.10 price target, though Needham raised its target to $100 and maintained a Buy rating.
• The company beat quarterly earnings expectations, reporting $1.27 EPS versus $1.09 expected and $197.81 million in revenue; institutional investors own approximately 98.96% of the shares.

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $64.39 and traded as high as $84.98. SPS Commerce shares last traded at $82.35, with a volume of 465,841 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on SPSC shares. Citigroup reiterated a "buy" rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Cantor Fitzgerald restated a "neutral" rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Zacks Research upgraded shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Finally, Weiss Ratings raised shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $77.10.

SPS Commerce Trading Down 2.2%

The firm's fifty day simple moving average is $78.93 and its 200 day simple moving average is $64.39. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 39.78 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The company's revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. 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, sell-side analysts expect that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Institutional Trading of SPS Commerce

A number of institutional investors have recently bought and sold shares of SPSC. BlackRock Inc. acquired a new position in SPS Commerce in the second quarter valued at approximately $339,259,000. Jupiter Topco LLC purchased a new position in SPS Commerce in the second quarter valued at approximately $56,260,000. Norges Bank acquired a new stake in SPS Commerce during the fourth quarter worth approximately $49,883,000. Irenic Capital Management LP acquired a new stake in SPS Commerce during the fourth quarter worth approximately $40,293,000. Finally, Walleye Capital LLC lifted its position in shares of SPS Commerce by 1,749.1% during the 1st quarter. Walleye Capital LLC now owns 457,635 shares of the software maker's stock worth $25,477,000 after buying an additional 432,886 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

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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