SPS Commerce (NASDAQ:SPSC) Updates FY 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.840-4.930 for the period, compared to the consensus earnings per share estimate of 4.460. The company issued revenue guidance of $788.4 million-$793.4 million, compared to the consensus revenue estimate of $797.6 million. SPS Commerce also updated its Q3 2026 guidance to 1.200-1.230 EPS.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SPSC shares. Rothschild & Co Redburn set a $60.00 target price on SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $60.00 price target on SPS Commerce in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating and issued a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Finally, Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $75.82.

SPS Commerce Stock Performance

SPS Commerce stock traded down $3.57 during midday trading on Thursday, hitting $65.83. 527,190 shares of the company’s stock were exchanged, compared to its average volume of 695,214. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 27.43 and a beta of 0.56. SPS Commerce has a 12-month low of $49.04 and a 12-month high of $124.08. The firm’s 50 day simple moving average is $58.28 and its 200 day simple moving average is $62.47.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.19. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. 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. On average, equities research analysts forecast that SPS Commerce will post 3.42 EPS for the current fiscal year.

Institutional Trading of SPS Commerce

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its stake in shares of SPS Commerce by 39.9% in 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 during the last quarter. State of Wyoming raised its stake in shares of SPS Commerce by 10.8% during the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock worth $160,000 after purchasing an additional 174 shares during the last quarter. State of Tennessee Department of Treasury raised its stake in shares of SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 175 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 275 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Company Profile

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.