Q4 EPS Estimates for SPS Commerce Boosted by William Blair

SPS Commerce, Inc. (NASDAQ:SPSC) – Stock analysts at William Blair upped their Q4 2025 earnings estimates for SPS Commerce in a research report issued on Tuesday, February 11th. William Blair analyst D. Becker now forecasts that the software maker will post earnings of $0.77 per share 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.

A number of other research analysts have also recently weighed in on SPSC. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday. Robert W. Baird cut their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup lowered their price target 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. Needham & Company LLC cut their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, SPS Commerce has an average rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $152.94 on Thursday. The company has a 50 day moving average price of $186.73 and a 200-day moving average price of $189.28. SPS Commerce has a 1-year low of $147.27 and a 1-year high of $218.61. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 73.18 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (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%.

Institutional Trading of SPS Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of SPSC. Blue Trust Inc. boosted its position in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Advisors Asset Management Inc. raised its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. acquired a new position in SPS Commerce in the 4th quarter valued at about $40,000. Hurley Capital LLC purchased a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $41,000. Finally, R Squared Ltd acquired a new stake in shares of SPS Commerce during the 4th quarter worth approximately $57,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % 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 worth $6,379,187. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Company Profile

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.