SPS Commerce (NASDAQ:SPSC) Stock Price Up 6.8% - Should You Buy?

Key Points

• SPS Commerce shares rose 6.8% to about $82.49, with trading volume 124% above average. The stock’s market capitalization is approximately $2.98 billion and its shares trade at a P/E ratio of 39.83.
• The company beat quarterly expectations, reporting $1.27 in EPS versus the $1.09 consensus estimate and $197.81 million in revenue versus $195.46 million expected. Revenue increased 5.6% year over year, and SPS provided fiscal 2026 EPS guidance of $4.84–$4.93.
• Analyst sentiment remains mixed: SPS Commerce has a consensus “Hold” rating and an average price target of $77.10, below the recent trading price. Institutional investors own a substantial 98.96% of the company’s shares.

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) rose 6.8% during trading on Friday . The stock traded as high as $89.44 and last traded at $82.4910. 1,514,536 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 675,226 shares. The stock had previously closed at $77.23.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPSC. Zacks Research upgraded SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. DA Davidson set a $65.00 target price on SPS Commerce in a research note on Friday, July 31st. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. Citigroup restated a "buy" rating and issued a $82.00 price target (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, SPS Commerce currently has a consensus rating of "Hold" and a consensus target price of $77.10.

SPS Commerce Trading Up 7.2%

The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 39.83 and a beta of 0.51. The company has a 50-day moving average of $72.57 and a 200-day moving average of $61.91.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.18. The firm had revenue of $197.81 million during 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%.The firm's revenue was up 5.6% on a year-over-year basis. During the same period in the prior 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. On average, research analysts forecast that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Institutional Investors Weigh In On SPS Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of SPS Commerce during the 2nd quarter worth $339,259,000. California State Teachers Retirement System lifted its holdings in shares of SPS Commerce by 6,817.1% in 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 purchasing an additional 3,015,673 shares in the last quarter. State Street Corp grew its holdings in shares of SPS Commerce by 0.6% during the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker's stock valued at $130,871,000 after buying an additional 8,163 shares in the last quarter. Bank of America Corp DE lifted its stake in SPS Commerce by 3.3% in the 1st quarter. Bank of America Corp DE now owns 998,622 shares of the software maker's stock worth $55,593,000 after acquiring an additional 31,434 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at about $56,260,000. 98.96% of the stock is owned by institutional investors and hedge funds.

About SPS Commerce

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.

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