William Blair Expects Stronger Earnings for SPS Commerce

SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) - Equities researchers at William Blair increased their Q4 2025 earnings per share (EPS) estimates for SPS Commerce in a research report issued on Tuesday, February 11th. William Blair analyst D. Becker now anticipates that the software maker will post earnings per share of $0.77 for the quarter, up from their prior forecast of $0.72. 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 Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.79 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $3.29 EPS.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly 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%.

Several other brokerages also recently issued reports on SPSC. Citigroup reduced their price objective on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Piper Sandler reduced their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Robert W. Baird reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, 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, February 11th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.11.

SPS Commerce Trading Down 1.5 %

Shares of SPSC stock traded down $2.29 during trading hours on Thursday, hitting $146.21. The company's stock had a trading volume of 421,317 shares, compared to its average volume of 214,352. The business has a fifty day moving average of $184.98 and a 200-day moving average of $188.26. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 69.96 and a beta of 0.88. SPS Commerce has a twelve month low of $145.90 and a twelve month high of $218.61.

Insider Buying and Selling

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

Institutional Investors Weigh In On SPS Commerce

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Advisors Asset Management Inc. grew its stake in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in SPS Commerce during the 4th quarter valued at approximately $40,000. Hurley Capital LLC acquired a new stake in shares of SPS Commerce during the fourth quarter worth approximately $41,000. Finally, R Squared Ltd acquired a new stake in shares of SPS Commerce during the fourth quarter worth approximately $57,000. 98.96% of the stock is owned by institutional investors and hedge funds.

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.