Analysts Set SPS Commerce, Inc. (NASDAQ:SPSC) PT at $165.80

Key Points

• SPS Commerce, Inc. has received an average recommendation of "Moderate Buy" from ten brokerage firms, with an average 12-month price target of $165.80.
• Recent institutional activities include significant purchases from hedge funds, with 98.96% of the stock now owned by institutional investors.
• SPS Commerce reported a quarterly earnings per share (EPS) of $1.00, surpassing analysts' expectations, and achieved a 22% year-over-year revenue growth.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $165.80.

SPSC has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Needham & Company LLC dropped their target price on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. DA Davidson lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Finally, Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th.

SPS Commerce Stock Performance

Shares of SPSC traded up $1.45 during mid-day trading on Friday, reaching $108.65. The stock had a trading volume of 338,340 shares, compared to its average volume of 419,987. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 49.84 and a beta of 0.70. SPS Commerce has a 12 month low of $102.05 and a 12 month high of $201.06. The business has a fifty day moving average of $118.05 and a 200 day moving average of $130.23.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company's revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, research analysts forecast that SPS Commerce will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

A number of hedge funds have recently bought and sold shares of SPSC. UMB Bank n.a. raised its stake in SPS Commerce by 60.6% during the second 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after purchasing an additional 125 shares in the last quarter. NewEdge Advisors LLC raised its stake in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. Allworth Financial LP raised its stake in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after purchasing an additional 175 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in SPS Commerce by 105.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

About SPS Commerce

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.