SPS Commerce (NASDAQ:SPSC) Trading 6.8% Higher – Here’s What Happened

by · The Cerbat Gem

SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) rose 6.8% on Friday . The company 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.

Analyst Ratings Changes

Several research firms recently issued reports on SPSC. DA Davidson set a $65.00 target price on SPS Commerce in a research report on Friday, July 31st. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings raised SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Citigroup reiterated 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, Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $77.10.

Read Our Latest Report on SPSC

SPS Commerce Stock Up 7.1%

The stock has a market cap of $2.98 billion, a P/E ratio of 39.94 and a beta of 0.51. The company’s 50 day moving average price is $73.04 and its two-hundred day moving average price is $62.06.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The company had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. During the same period last year, the business posted $1.00 EPS. SPS Commerce’s quarterly revenue was up 5.6% on a year-over-year basis. 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, equities research analysts forecast that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its stake in shares of SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. AQR Capital Management LLC lifted its holdings in SPS Commerce by 2.0% during the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after buying an additional 275 shares during the period. NewEdge Advisors LLC boosted its position in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SPS Commerce by 137.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock valued at $88,000 after acquiring an additional 376 shares during the period. Finally, First Trust Advisors LP raised its position in shares of SPS Commerce by 83.2% in the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after acquiring an additional 4,602 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

(Get Free Report)

SPS Commerce, Inc provides cloud-based supply chain management solutions that help retailers, suppliers, distributors and other trading partners manage commerce operations. Its platform is designed to connect businesses and automate the exchange of critical information across supply chain and retail processes.

The company’s products and services support functions including electronic data interchange, order management, inventory and product information management, fulfillment, invoicing, analytics and supplier onboarding.

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