SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items. The company offers Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure by enabling easy compliance with retailers' rulebooks, automatic, and digital exchange of information among numerous trading partners through various protocols, and greater visibility into the journey of an order; and Analytics solution, which consists of data analytics applications that enables customers to enhance their visibility across their supply chains through greater analytics capabilities. It also offers various peripheral solutions, such as assortment solution, which enables accurate order management and rapid fulfillment; and community solution that accelerates vendor onboarding and ensures trading partner adoption of new supply chain requirements. The company sells its solutions through retailer, supplier, and other sales representatives to small- to mid-sized suppliers, as well as retailers, distributors, third-party logistics providers, and other trading partners. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
IPO Year: 2010
Exchange: NASDAQ
Website: spscommerce.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | Outperform → Market Perform | Northland Capital | |
| 5/14/2024 | $220.00 | Buy | Redburn Atlantic |
| 3/13/2024 | $216.00 | Buy | Citigroup |
| 11/14/2023 | $200.00 | Buy | DA Davidson |
| 10/27/2023 | $175.00 → $177.00 | Market Perform → Outperform | Northland Capital |
| 12/14/2022 | $151.00 | Outperform → Neutral | Robert W. Baird |
| 2/10/2022 | $180.00 → $160.00 | Market Outperform | JMP Securities |
| 10/29/2021 | $140.00 → $170.00 | Outperform → Market Perform | Northland Capital |
| 10/29/2021 | $130.00 → $180.00 | Market Outperform | JMP Securities |
| 10/29/2021 | $130.00 → $200.00 | Buy | Needham |
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Company delivers 95th consecutive quarter of topline growth Revenue and recurring revenue growth of 21% year-over-year MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the third quarter ended September 30, 2024. Financial Highlights Third Quarter 2024 Financial Highlights Revenue was $163.7 million in the third quarter of 2024, compared to $135.7 million in the third quarter of 2023, reflecting 21% growth.Recurring revenue grew 21% from the third quarter of 2023.Net income was $23.5 million or $0.62 per diluted share, compared to net income of $16.8 million or $0.45 pe
MINNEAPOLIS, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the third quarter ended September 30, 2024, after the market close on Thursday, October 24, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q3 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com
MINNEAPOLIS, Aug. 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at Citi's 2024 Global TMT Conference on Thursday, September 5, 2024, at 1:20 PM E.T. A webcast of the presentation will be available on the company's investor relations website at http://investors.spscommerce.com/events.cfm. About SPS Commerce SPS Commerce is the world's leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and accessible experts
Acquisition expands company's product portfolio with automated invoice deduction management and prevention Company to host conference call today at 8:30 a.m. ET MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the acquisition of SupplyPike, an automated invoice deduction management and prevention solution. SupplyPike is a first of its kind SaaS solution that provides ongoing monitoring and management of invoice deductions to recover lost revenue along with the information needed to improve processes and eliminate deductions in the future. "The interdependent nature of the retail supp
Company delivers 94th consecutive quarter of topline growth Revenue and recurring revenue growth of 18% year-over-year Announces new Share Repurchase Program MINNEAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the second quarter ended June 30, 2024. Financial Highlights Second Quarter 2024 Financial Highlights Revenue was $153.6 million in the second quarter of 2024, compared to $130.4 million in the second quarter of 2023, reflecting 18% growth.Recurring revenue grew 18% from the second quarter of 2023.Net income was $18.0 million or $0.48 per diluted share,
MINNEAPOLIS, July 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, July 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q2 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under t
MINNEAPOLIS, May 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at the William Blair 44th Annual Growth Stock Conference on Wednesday, June 5, 2024, at 1:20 PM C.T. A webcast of the presentation will be available on the company's investor relations website at http://investors.spscommerce.com/events.cfm. About SPS Commerce SPS Commerce is the world's leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and acce
Acquisition expands company's product portfolio in supply chain performance and optimization Company to host conference call today at 8:30 a.m. ET MINNEAPOLIS, May 09, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the acquisition of Traverse Systems, an industry leading SaaS platform that provides retailers and their merchandise suppliers a unified view of supply chain performance to improve collaboration and enhance the consumer experience. Traverse Systems provides scorecarding and vendor performance management solutions for retailers, driving supply chain efficiencies such as increased on-time and in-f
Company delivers 93rd consecutive quarter of topline growth Revenue and recurring revenue growth of 19% year-over-year MINNEAPOLIS, April 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights First Quarter 2024 Financial Highlights Revenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth.Recurring revenue grew 19% from the first quarter of 2023.Net income was $18.0 million or $0.48 per diluted share, compared to net income of $15.3 million or
MINNEAPOLIS, April 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced that it will issue its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, April 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q1 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events a
Company delivers 95th consecutive quarter of topline growth Revenue and recurring revenue growth of 21% year-over-year MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the third quarter ended September 30, 2024. Financial Highlights Third Quarter 2024 Financial Highlights Revenue was $163.7 million in the third quarter of 2024, compared to $135.7 million in the third quarter of 2023, reflecting 21% growth.Recurring revenue grew 21% from the third quarter of 2023.Net income was $23.5 million or $0.62 per diluted share, compared to net income of $16.8 million or $0.45 pe
MINNEAPOLIS, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the third quarter ended September 30, 2024, after the market close on Thursday, October 24, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q3 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com
Acquisition expands company's product portfolio with automated invoice deduction management and prevention Company to host conference call today at 8:30 a.m. ET MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the acquisition of SupplyPike, an automated invoice deduction management and prevention solution. SupplyPike is a first of its kind SaaS solution that provides ongoing monitoring and management of invoice deductions to recover lost revenue along with the information needed to improve processes and eliminate deductions in the future. "The interdependent nature of the retail supp
Company delivers 94th consecutive quarter of topline growth Revenue and recurring revenue growth of 18% year-over-year Announces new Share Repurchase Program MINNEAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the second quarter ended June 30, 2024. Financial Highlights Second Quarter 2024 Financial Highlights Revenue was $153.6 million in the second quarter of 2024, compared to $130.4 million in the second quarter of 2023, reflecting 18% growth.Recurring revenue grew 18% from the second quarter of 2023.Net income was $18.0 million or $0.48 per diluted share,
MINNEAPOLIS, July 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, July 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q2 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under t
Acquisition expands company's product portfolio in supply chain performance and optimization Company to host conference call today at 8:30 a.m. ET MINNEAPOLIS, May 09, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the acquisition of Traverse Systems, an industry leading SaaS platform that provides retailers and their merchandise suppliers a unified view of supply chain performance to improve collaboration and enhance the consumer experience. Traverse Systems provides scorecarding and vendor performance management solutions for retailers, driving supply chain efficiencies such as increased on-time and in-f
Company delivers 93rd consecutive quarter of topline growth Revenue and recurring revenue growth of 19% year-over-year MINNEAPOLIS, April 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights First Quarter 2024 Financial Highlights Revenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth.Recurring revenue grew 19% from the first quarter of 2023.Net income was $18.0 million or $0.48 per diluted share, compared to net income of $15.3 million or
MINNEAPOLIS, April 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced that it will issue its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, April 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q1 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events a
Company delivers 92nd consecutive quarter of topline growth Fourth quarter 2023 revenue and recurring revenue grew 19% from the fourth quarter of 2022 MINNEAPOLIS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced financial results for the fourth quarter and year ended December 31, 2023. Financial Highlights Fourth Quarter 2023 Financial Highlights Revenue was $145.0 million in the fourth quarter of 2023, compared to $122.0 million in the fourth quarter of 2022, reflecting 19% growth.Recurring revenue grew 19% from the fourth quarter of 2022.Net income was $19.0 million or $0.51 per diluted share, compared to net inc
MINNEAPOLIS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced that it will issue its financial results for the fourth quarter and year ended December 31, 2023, after the market close on Thursday, February 8, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q4 2023 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com unde
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Northland Capital downgraded SPS Commerce from Outperform to Market Perform
Redburn Atlantic initiated coverage of SPS Commerce with a rating of Buy and set a new price target of $220.00
Citigroup initiated coverage of SPS Commerce with a rating of Buy and set a new price target of $216.00
DA Davidson initiated coverage of SPS Commerce with a rating of Buy and set a new price target of $200.00
Northland Capital upgraded SPS Commerce from Market Perform to Outperform and set a new price target of $177.00 from $175.00 previously
Robert W. Baird downgraded SPS Commerce from Outperform to Neutral and set a new price target of $151.00
JMP Securities reiterated coverage of SPS Commerce with a rating of Market Outperform and set a new price target of $160.00 from $180.00 previously
Northland Capital downgraded SPS Commerce from Outperform to Market Perform and set a new price target of $170.00 from $140.00 previously
JMP Securities reiterated coverage of SPS Commerce with a rating of Market Outperform and set a new price target of $180.00 from $130.00 previously
Needham reiterated coverage of SPS Commerce with a rating of Buy and set a new price target of $200.00 from $130.00 previously
SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 10 years by 11.3% on an annualized basis producing an average annual return of 22.21%. Currently, SPS Commerce has a market capitalization of $7.63 billion. Buying $1000 In SPSC: If an investor had bought $1000 of SPSC stock 10 years ago, it would be worth $7,574.48 today based on a price of $205.95 for SPSC at the time of writing. SPS Commerce's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content
SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 15 years by 12.09% on an annualized basis producing an average annual return of 25.03%. Currently, SPS Commerce has a market capitalization of $7.04 billion. Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 15 years ago, it would be worth $2,852.65 today based on a price of $190.10 for SPSC at the time of writing. SPS Commerce's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content
SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 10 years by 8.53% on an annualized basis producing an average annual return of 19.22%. Currently, SPS Commerce has a market capitalization of $6.89 billion. Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 10 years ago, it would be worth $589.27 today based on a price of $186.13 for SPSC at the time of writing. SPS Commerce's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content eng
SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 5 years by 15.43% on an annualized basis producing an average annual return of 28.53%. Currently, SPS Commerce has a market capitalization of $6.96 billion. Buying $1000 In SPSC: If an investor had bought $1000 of SPSC stock 5 years ago, it would be worth $3,509.33 today based on a price of $187.87 for SPSC at the time of writing. SPS Commerce's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e
SPS Commerce's (NYSE:SPSC) short percent of float has fallen 16.23% since its last report. The company recently reported that it has 510 thousand shares sold short, which is 1.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.09 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
6 analysts have shared their evaluations of SPS Commerce (NASDAQ:SPSC) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 3 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $207.67, a high estimate of $222.00, and a low estimate of $178.00. Observing a 7.88% increase, t
Redburn Atlantic analyst Lachlan Brown initiates coverage on SPS Commerce (NASDAQ:SPSC) with a Buy rating and announces Price Target of $220.
Citigroup analyst George Kurosawa maintains SPS Commerce (NASDAQ:SPSC) with a Buy and raises the price target from $213 to $222.
Needham analyst Scott Berg reiterates SPS Commerce (NASDAQ:SPSC) with a Buy and maintains $205 price target.
For the second quarter of 2024, SPS Commerce anticipates the acquisition will add approximately $600,000 in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $200,000. For fiscal year 2024, the company expects the acquisition will add approximately $2.9 million in revenue and breakeven in Adjusted EBITDA. For fiscal year 2025, the company expects the acquisition will add approximately $5 million in revenue and approximately $1.5 million in Adjusted EBITDA.
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MINNEAPOLIS, July 06, 2023 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced the appointment of Chad Collins as its new Chief Executive Officer, effective October 2, 2023. Mr. Collins will succeed current CEO Archie Black, who will retire from his position effective October 1, 2023, and will transition to the newly created role of Executive Chair of the Board, as part of the previously announced succession plan. "On behalf of the Board of Directors, I would like to welcome Chad Collins to the SPS team," said Philip Soran, Chair of the Board. "His leadership, industry experience and focus on customer innovation align well with the SPS
MINNEAPOLIS, March 02, 2023 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced that its Chief Executive Officer, Archie Black, intends to retire from his role as CEO. Mr. Black will remain in the role through the completion of the search for his successor and through the transition process to ensure a seamless succession. The Company's Board of Directors has initiated an executive search for the next CEO. Once appointed, Mr. Black will transition from his position as CEO to the newly created role of Executive Chair of the Board. This transition is designed to provide leadership continuity and reflects the Company's commitment to consi
Graco Inc. (NYSE:GGG) announced today that Archie C. Black has been appointed as a member of the Company's Board of Directors, effective February 20, 2023. Mr. Black has served as the Chief Executive Officer of SPS Commerce, Inc. (NASDAQ:SPSC) — a cloud-based supply chain management software company based in Minneapolis — since 2001, and is a member of its board of directors. Prior to becoming CEO of SPS Commerce, Mr. Black was its Senior Vice President and Chief Financial Officer. During his time as CEO of SPS Commerce, Mr. Black has led the transformation of a technology startup company into a successful global business and has developed a deep understanding of the requirements of managi
Sarika Garg and Michael McConnell to Join the OneSpan Board of Directors after 2021 Annual Meeting John Fox, Jean Holley and Matthew Moog to Leave OneSpan Board Over the Next Year OneSpan Inc. (NASDAQ:OSPN), the global leader in securing remote banking transactions, today announced that it has entered into an agreement with Legion Partners Holdings, LLC (together with its affiliates, "Legion"), which owns approximately 6.9% of the outstanding stock of OneSpan, pursuant to which two of Legion's independent director nominees, Sarika Garg and Michael McConnell, will be appointed to the OneSpan Board of Directors following the 2021 Annual Meeting of Stockholders (the "Annual Meeting"), schedu