Q4 EPS Estimates for SPS Commerce Raised by William Blair

SPS Commerce, Inc. (NASDAQ:SPSC) – Equities researchers at William Blair lifted their Q4 2025 earnings estimates for SPS Commerce in a note issued to investors on Tuesday, February 11th. William Blair analyst D. Becker now anticipates that the software maker will earn $0.77 per share for the quarter, up from their previous estimate 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) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%.

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

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $152.94 on Thursday. SPS Commerce has a fifty-two week low of $147.27 and a fifty-two week high of $218.61. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 73.18 and a beta of 0.88. The business’s 50 day moving average price is $186.73 and its 200-day moving average price is $189.28.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC increased its position in SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after buying an additional 44,946 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of SPS Commerce in the 3rd quarter valued at approximately $3,178,000. Synovus Financial Corp purchased a new position in shares of SPS Commerce in the 3rd quarter valued at approximately $1,809,000. JPMorgan Chase & Co. boosted its stake in SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares in the last quarter. Finally, State Street Corp grew its position in SPS Commerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after purchasing an additional 16,357 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In related news, EVP Dan Juckniess sold 5,831 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was 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 in the company, valued at $4,773,988.23. This represents a 19.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 sale, the chief financial officer now owns 156,292 shares of the company’s stock, 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. In the last 90 days, insiders have sold 34,230 shares of company stock valued at $6,379,187. 1.00% of the stock is currently owned by corporate insiders.

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.