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

Key Points

• Consensus "Hold": Eleven analysts give SPS Commerce a consensus rating of Hold (1 sell, 7 hold, 2 buy, 1 strong buy) with a one‑year average target of $84.91.
• Insiders selling: CFO Kimberly K. Nelson sold 6,300 shares at $58.66 and EVP Jamie Thingelstad sold 2,418 shares at $54.94, with insiders offloading 24,102 shares (~$1.43M) over the past 90 days and retaining 0.98% ownership.
• Recent results and outlook: Q4 EPS of $1.14 beat estimates by $0.14 while revenue was $192.65M (slightly under estimates), and the company guided FY2026 EPS to $4.42–$4.50 and Q1 2026 EPS to $0.95–$0.99; market cap is about $2.02B with a 12‑month range of $50.55–$153.16.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $84.9091.

Several brokerages have commented on SPSC. Craig Hallum lowered SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research note on Friday, February 13th. Stifel Nicolaus set a $65.00 price target on SPS Commerce and gave the stock a "hold" rating in a research note on Friday, February 13th. Morgan Stanley set a $95.00 price target on SPS Commerce in a research note on Friday, February 13th. Robert W. Baird set a $86.00 price target on SPS Commerce in a research note on Friday, February 13th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of SPS Commerce in a research note on Thursday, January 22nd.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,300 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $369,558.00. Following the completion of the sale, the chief financial officer directly owned 145,452 shares in the company, valued at $8,532,214.32. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jamie Thingelstad sold 2,418 shares of the company's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the sale, the executive vice president owned 56,344 shares of the company's stock, valued at $3,095,539.36. This represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 24,102 shares of company stock valued at $1,425,328. Insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On SPS Commerce

A number of large investors have recently modified their holdings of SPSC. UBS Group AG grew its stake in shares of SPS Commerce by 182.3% in the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker's stock valued at $115,447,000 after buying an additional 836,407 shares in the last quarter. Norges Bank acquired a new stake in shares of SPS Commerce in the fourth quarter valued at about $49,883,000. Van Berkom & Associates Inc. acquired a new stake in shares of SPS Commerce in the third quarter valued at about $51,878,000. Irenic Capital Management LP acquired a new stake in shares of SPS Commerce in the fourth quarter valued at about $40,293,000. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of SPS Commerce by 86.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker's stock valued at $82,528,000 after buying an additional 367,346 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $54.65 on Monday. The business's 50-day moving average price is $57.51 and its 200 day moving average price is $78.25. SPS Commerce has a twelve month low of $50.55 and a twelve month high of $153.16. The company has a market capitalization of $2.02 billion, a PE ratio of 22.31 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. Equities analysts predict that SPS Commerce will post 3.25 EPS for the current year.

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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