William Blair Has Positive View of SPS Commerce Q1 Earnings

SPS Commerce, Inc. (NASDAQ:SPSC) – Analysts at William Blair upped their Q1 2025 EPS estimates for SPS Commerce in a research report issued to clients and investors on Tuesday, February 11th. William Blair analyst D. Becker now anticipates that the software maker will post earnings per share of $0.57 for the quarter, up from their prior forecast of $0.46. The consensus estimate for SPS Commerce’s current full-year earnings is $2.38 per share. William Blair also issued estimates for SPS Commerce’s Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.71 EPS and FY2025 earnings at $2.68 EPS.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC dropped their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research note on Tuesday. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Piper Sandler cut their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Stock Down 2.9 %

NASDAQ SPSC opened at $148.50 on Friday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 71.05 and a beta of 0.88. The company has a 50-day simple moving average of $186.73 and a two-hundred day simple moving average of $189.28. SPS Commerce has a 12-month low of $147.27 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This represents a 19.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the transaction, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,230 shares of company stock worth $6,379,187. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC boosted its holdings in SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after acquiring an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of SPS Commerce by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock worth $256,000 after purchasing an additional 55 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in SPS Commerce by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after purchasing an additional 58 shares in the last quarter. Amalgamated Bank grew its position in SPS Commerce by 0.6% during the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock valued at $2,025,000 after purchasing an additional 61 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in SPS Commerce by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock valued at $449,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

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.