SPS Commerce (NASDAQ:SPSC) Share Price Breaks Above 200 Day Moving Average – Here’s Why

SPS Commerce, Inc. (NASDAQ:SPSC)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $64.39 and traded as high as $84.98. SPS Commerce shares last traded at $82.35, with a volume of 465,841 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus set a $70.00 price target on SPS Commerce and gave the stock a “hold” rating in a report on Friday, July 31st. Weiss Ratings raised SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. DA Davidson set a $65.00 target price on SPS Commerce in a research note on Friday, July 31st. Finally, Citigroup reiterated a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SPS Commerce presently has an average rating of “Hold” and an average target price of $77.10.

SPS Commerce Stock Down 2.2%

The stock has a 50-day simple moving average of $78.93 and a 200 day simple moving average of $64.39. The company has a market cap of $2.96 billion, a PE ratio of 39.78 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.18. The firm had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. SPS Commerce’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. 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, research analysts anticipate that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in SPS Commerce during the 2nd quarter worth approximately $38,000. Allworth Financial LP acquired a new stake in shares of SPS Commerce in the second quarter valued at $45,000. Pacer Advisors Inc. raised its stake in shares of SPS Commerce by 55.3% in the first quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker’s stock valued at $79,000 after acquiring an additional 503 shares in the last quarter. Leonteq Securities AG boosted its holdings in SPS Commerce by 143.0% in the first quarter. Leonteq Securities AG now owns 1,431 shares of the software maker’s stock valued at $80,000 after purchasing an additional 842 shares during the period. Finally, KBC Group NV grew its stake in SPS Commerce by 38.8% during the 1st quarter. KBC Group NV now owns 1,459 shares of the software maker’s stock worth $81,000 after purchasing an additional 408 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps trading partners connect and exchange business documents, coordinate orders and shipments, manage product information, and improve visibility across the retail supply chain.

The company’s offerings include electronic data interchange (EDI), order management, fulfillment and shipping tools, product content management, inventory visibility, analytics and retail compliance solutions.