Q1 EPS Estimates for SPS Commerce Increased by William Blair

SPS Commerce, Inc. (NASDAQ:SPSC) – Investment analysts at William Blair raised their Q1 2025 earnings per share estimates for shares of SPS Commerce in a research note issued to investors on Tuesday, February 11th. William Blair analyst D. Becker now anticipates that the software maker will post earnings of $0.57 per share for the quarter, up from their previous estimate 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.

Several other research analysts have also recently weighed in on the company. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Needham & Company LLC lowered their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday. Northland Securities restated a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday. Finally, Stifel Nicolaus lowered their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $146.21 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of 69.96 and a beta of 0.88. The stock’s 50 day simple moving average is $184.98 and its 200-day simple moving average is $188.58. SPS Commerce has a 1-year low of $145.90 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data 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 return on equity of 12.60% and a net margin of 12.83%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPSC. Mercer Global Advisors Inc. ADV purchased a new stake in shares of SPS Commerce during the fourth quarter worth $1,314,000. Comerica Bank increased its position in shares of SPS Commerce by 4.0% during the fourth quarter. Comerica Bank now owns 111,984 shares of the software maker’s stock worth $20,604,000 after acquiring an additional 4,349 shares during the period. Voleon Capital Management LP purchased a new stake in shares of SPS Commerce during the fourth quarter worth $1,647,000. Schonfeld Strategic Advisors LLC increased its position in shares of SPS Commerce by 267.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 10,750 shares of the software maker’s stock worth $1,978,000 after acquiring an additional 7,822 shares during the period. Finally, Northern Trust Corp increased its position in shares of SPS Commerce by 11.3% during the fourth quarter. Northern Trust Corp now owns 510,041 shares of the software maker’s stock worth $93,842,000 after acquiring an additional 51,839 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the transaction, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,230 shares of company stock worth $6,379,187. Insiders own 1.00% 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.