SPS Commerce (NASDAQ:SPSC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SPS Commerce (NASDAQ:SPSC) from a hold rating to a buy rating in a report released on Saturday morning.

Several other equities analysts also recently issued reports on the company. Cantor Fitzgerald started coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 price objective for the company. Loop Capital downgraded SPS Commerce from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. DA Davidson downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating and cut their target price for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Morgan Stanley cut their target price on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Finally, Stifel Nicolaus cut their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.80.

SPS Commerce Trading Down 1.3%

Shares of NASDAQ SPSC opened at $107.19 on Friday. The stock has a 50 day simple moving average of $117.56 and a 200-day simple moving average of $130.04. The company has a market cap of $4.06 billion, a PE ratio of 49.17 and a beta of 0.70. SPS Commerce has a 12-month low of $102.05 and a 12-month high of $201.06.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.10. The business had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm 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. Sell-side analysts forecast that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPS Commerce

Several hedge funds have recently bought and sold shares of SPSC. Nordea Investment Management AB increased its position in SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after buying an additional 1,110,476 shares during the last quarter. Norges Bank acquired a new position in SPS Commerce during the second quarter worth $57,540,000. Nuveen LLC acquired a new position in SPS Commerce during the first quarter worth $37,546,000. Disciplined Growth Investors Inc. MN increased its position in SPS Commerce by 188.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock worth $57,855,000 after buying an additional 277,499 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in SPS Commerce during the first quarter worth $31,311,000. 98.96% of the stock is owned by institutional investors and hedge funds.

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.