SPS Commerce (SPSC)

• Market cap: $4B
• 1 day: -6.07%
• 5 days: -4.21%
• 1 month: -2.72%
• 3 months: -23.47%
• 6 months: -16.56%
• Year to date: -42.27%
• 1 year: -43.91%
• 5 years: 39.39%
• 10 years: 211.48%
• Sector: Technology
• Industry: Software - Application

About: SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from subscription-based recurring revenue services.

Employees: 2,783

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

21% more repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 150

20% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 49

5% more capital invested

Capital invested by funds: $4.91B [Q1] → $5.16B (+$260M) [Q2]

2.23% more ownership

Funds ownership: 97.84% [Q1] → 100.07% (+2.23%) [Q2]

1% more funds holding

Funds holding: 443 [Q1] → 447 (+4) [Q2]

14% less call options, than puts

Call options by funds: $5.57M | Put options by funds: $6.46M

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120
• Avg. target: $148
• High target: $170

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Loop Capital Mark Schappel	$120	Hold Downgraded	31 Jul 2025
DA Davidson Gil Luria	$125	Neutral Assumed	31 Jul 2025
Stifel Parker Lane	$165	Buy Maintained	31 Jul 2025
Morgan Stanley	$170	Overweight Maintained	31 Jul 2025
Needham Scott Berg	$160	Buy Maintained	31 Jul 2025