SPS Commerce, Inc. (SPSC)

SPS Commerce's stock price experienced a notable decline of 43.44% between October 18, 2024, and October 17, 2025. Key events impacting SPSC stock include earnings reports, analyst ratings and price targets, conferences and investor days, and product enhancements. SPS Commerce reported its first-quarter and second-quarter 2025 financial results on May 1, 2025, and July 30, 2025, respectively, and is scheduled to release its third-quarter 2025 financial results on October 30, 2025. In its last reported quarter (Q2 2025), SPS Commerce achieved $1.00 EPS, surpassing the consensus estimate of $0.90, and reported a 22.0% year-over-year revenue increase. In October 2025, Wall Street Zen downgraded SPS Commerce from a "buy" to a "hold" rating. Morgan Stanley reissued an "overweight" rating but reduced its price target from $170.00 to $140.00 on October 14, 2025. DA Davidson reissued a "neutral" rating and a $125.00 price target on September 25, 2025. Stifel Nicolaus lowered its price target from $175.00 to $165.00. Weiss Ratings downgraded SPS Commerce from a "hold (c-)" to a "sell (d+)" rating in October 2025, citing increased concerns regarding the company's stock performance. The company presented at the 1st Annual D.A. Davidson Technology & Consumer Conference in June 2025 and announced an Investor Day for September 23, 2025. They also presented at Citi's 2025 Global TMT Conference in August 2025. In June 2025, SPS Commerce enhanced its offering to include a suite of services for the manufacturing supply chain.

SPS Commerce's products and services experience demand seasonality influenced by consumer shopping patterns. The holiday shopping season has expanded, with consumers starting their purchases earlier, often in October and November. The company observes increased transaction activity during peak periods like Cyber Week, with a reported 19% increase in Cyber Week transactions from the previous year, driven by both customer growth and increased transactions from existing customers. This indicates a heightened demand for SPS Commerce's solutions to handle the increased volume and complexity of orders during these crucial retail periods.

SPS Commerce, Inc. is a leading provider of cloud-based supply chain management solutions and services, operating within the Technology and Communications sector. The company offers a suite of cloud-based products designed to enhance collaboration among retailers, grocers, distributors, suppliers, manufacturers, and logistics firms. Its major products include Fulfillment, Analytics, Assortment, and Community. In May 2025, the company launched its Manufacturing Supply Chain Performance Suite, a full-service EDI offering. Additionally, SPS Commerce offers e-invoicing solutions to automate electronic invoicing and ensure compliance. The company's solutions enable customers to manage item data, inventory control, order fulfillment, and sales analytics across all channels.

SPS Commerce maintains a global presence with its corporate headquarters located in Minneapolis, Minnesota, USA. The company has additional offices across North America, including New Jersey. Internationally, SPS Commerce has a significant footprint with offices in Australia (Melbourne, Sydney), New Zealand, Asia (Beijing, Hong Kong), and Europe (Amsterdam, Breukelen, Kyiv, Montpellier).

SPS Commerce has maintained a positive brand reputation in the past year. In November 2024, the company was named to Forbes' America's Best Companies 2024 list. SPS Commerce is recognized as a trusted partner for thousands of retailers, suppliers, logistics providers, and distributors globally, helping them navigate omnichannel dynamics and supply chain complexities. The company has also achieved 98 consecutive quarters of revenue growth, indicating consistent performance and market leadership. No specific negative events significantly impacting SPS Commerce's brand reputation in the past year, beyond the stock price fluctuations and analyst downgrades already mentioned, were found.

SPS Commerce, Inc. has a high level of institutional ownership, with 851 institutional owners holding a total of 50,222,865 shares, representing approximately 98.96% to 101.90% of the stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., State Street Corp, Nordea Investment Management Ab, Conestoga Capital Advisors, LLC, Fmr Llc, Neuberger Berman Group LLC, Geode Capital Management, Llc, Morgan Stanley, Kayne Anderson Rudnick Investment Management Llc, and Macquarie Investment Management Business Trust. While specific major individual owners are not explicitly detailed, institutional investors collectively hold a dominant stake in the company.