SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Rating of “Hold” from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $77.1818.

Several brokerages have recently weighed in on SPSC. Craig Hallum cut 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 $60.00 price target on SPS Commerce in a research note on Friday. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Monday. Rothschild & Co Redburn set a $60.00 price target on SPS Commerce and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Cantor Fitzgerald set a $60.00 price target on SPS Commerce and gave the company a “neutral” rating in a research note on Friday.

SPS Commerce Price Performance

Shares of SPSC opened at $58.92 on Monday. SPS Commerce has a 12-month low of $50.55 and a 12-month high of $153.16. The business has a 50-day simple moving average of $57.17 and a two-hundred day simple moving average of $76.76. The stock has a market cap of $2.18 billion, a PE ratio of 24.55 and a beta of 0.58.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The business had revenue of $192.12 million during the quarter, compared to analysts’ expectations of $192.51 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. On average, equities research analysts expect that SPS Commerce will post 3.29 EPS for the current year.

SPS Commerce News Roundup

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Company Q1 results showed revenue and recurring revenue growth (~6% and ~7% yoy) and an adjusted EPS beat (reported $1.10 vs. consensus ~$0.97); management emphasized subscription strength. SPS Commerce Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised EPS guidance: FY2026 EPS guide of $4.73–4.76 and Q2 EPS guide of $1.060–1.090 both sit above consensus, supporting forward earnings expectations. Earnings Release / Guidance Details
• Neutral Sentiment: Needham trimmed its price target to $75 (from $110) but kept a Buy rating, highlighting continued upside vs. the current price—this is supportive but reflects tempered expectations. Needham Lowers Price Target to $75
• Neutral Sentiment: Analyst coverage remains mixed: William Blair reiterated a Hold, and several write-ups (earnings transcript and presentation) provide detail for investors to parse adjusted vs. GAAP results. Q1 2026 Earnings Call Transcript
• Negative Sentiment: DA Davidson cut its price target to $55 and moved to Neutral, signaling near-term downside risk and adding selling pressure for more cautious investors. DA Davidson Lowers PT to $55
• Negative Sentiment: Some third-party reports flagged weaker GAAP operating profit and a below-expectations revenue/EPS reconciliation (Quiver noted a GAAP EPS shortfall and declines in operating profit), plus recent insider selling—items that could weigh on sentiment. Quiver: Stock Reaction & GAAP Metrics
• Negative Sentiment: Revenue guidance ranges were slightly below some revenue consensus points (Q2 and FY revenue bands came in marginally under certain street estimates), which could cap upside despite stronger EPS guides. MarketBeat: Guidance and Results Summary

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 13,384 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $785,105.44. Following the completion of the sale, the chief executive officer owned 72,241 shares of the company’s stock, valued at approximately $4,237,657.06. This represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kimberly K. Nelson sold 6,300 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $369,558.00. Following the completion of the sale, the chief financial officer directly owned 145,452 shares of the company’s stock, valued at approximately $8,532,214.32. The trade was a 4.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 24,102 shares of company stock worth $1,425,328. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently made changes to their positions in SPSC. Advisors Asset Management Inc. boosted its position in shares of SPS Commerce by 39.9% during the 1st 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 boosted its holdings in SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after acquiring an additional 275 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in SPS Commerce by 137.7% in the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after acquiring an additional 376 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in SPS Commerce by 83.2% in the second 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. Institutional investors own 98.96% of the company’s stock.

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.