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 |
|---|---|---|---|
| 6/3/2025 | $170.00 | Overweight | Cantor Fitzgerald |
| 11/25/2024 | $198.00 | Neutral | Piper Sandler |
| 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 |
MINNEAPOLIS, June 03, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at the 1st Annual D.A. Davidson Technology & Consumer Conference on Tuesday, June 10, 2025, at 2:40 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,
Full-Service Solution Enables Manufacturers to Modernize and Optimize Procurement and Supply Chain Processes SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced Manufacturing Supply Chain Performance Suite, a Full-service EDI offering designed to help companies who manufacture products modernize and optimize their procurement and supply chain processes. Based on years of experience supporting these organizations, SPS developed this comprehensive solution to help brands, co-manufacturers, and co-packers achieve a better performing supply chain. With Manufacturing Supply Chain Performance Suite, customers can streamline their operations, reduce d
Company delivers 97th consecutive quarter of topline growthFirst quarter 2025 revenue grew 21% and recurring revenue grew 23% from the first quarter of 2024 MINNEAPOLIS, April 24, 2025 (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, 2025. Financial Highlights First Quarter 2025 Financial Highlights Revenue was $181.5 million in the first quarter of 2025, compared to $149.6 million in the first quarter of 2024, reflecting 21% growth.Recurring revenue grew 23% from the first quarter of 2024.Net income was $22.2 million or $0.58 per diluted share, compared to net i
MINNEAPOLIS, April 10, 2025 (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 first quarter ended March 31, 2025, after the market close on Thursday, April 24, 2025. 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 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the E
MINNEAPOLIS, March 26, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the release of its 2024 Environmental, Social, and Governance (ESG) Report, outlining the company's ongoing commitment to sustainability, ethical business practices, and social responsibility. This inaugural report highlights the company's key advancements in governance, employee experience, community engagement, and environmental stewardship. "At SPS Commerce, connectedness is at the core of everything we do, from enabling seamless supply chain collaboration to fostering an inclusive workplace and investing in the communities we serve," said Ch
MINNEAPOLIS, Feb. 27, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at the Morgan Stanley Technology, Media & Telecom Conference on Thursday, March 6, 2025, at 8:30 AM P.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, an
Company delivers 96th consecutive quarter of topline growth Fourth quarter 2024 revenue grew 18% and recurring revenue grew 19% from the fourth quarter of 2023 MINNEAPOLIS, Feb. 10, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the fourth quarter and year ended December 31, 2024. Financial Highlights Fourth Quarter 2024 Financial Highlights Revenue was $170.9 million in the fourth quarter of 2024, compared to $145.0 million in the fourth quarter of 2023, reflecting 18% growth.Recurring revenue grew 19% from the fourth quarter of 2023.Net income was $17.6 million or $0.46 per di
MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. "We are very excited to welcome Carbon6 employees and customers to SPS Commerce," said Chad Collins, CEO of SPS Commerce. "Together, we believe we will deliver unmatched solutions for first-party and third-party sellers and establish SPS as a leading provider in the emerging category of revenue recovery." About SPS Commerce SPS
MINNEAPOLIS, Minn., Jan. 27, 2025 (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 fourth quarter and year ended December 31, 2024, after the market close on Monday, February 10, 2025. 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 be joined into the SPS Commerce conference call. A live webcast of the call will be available at http://investors.spsc
MINNEAPOLIS, Jan. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced that management will present at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025, at 10:15 AM 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 so our
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Cantor Fitzgerald initiated coverage of SPS Commerce with a rating of Overweight and set a new price target of $170.00
Piper Sandler initiated coverage of SPS Commerce with a rating of Neutral and set a new price target of $198.00
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
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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
Company delivers 97th consecutive quarter of topline growthFirst quarter 2025 revenue grew 21% and recurring revenue grew 23% from the first quarter of 2024 MINNEAPOLIS, April 24, 2025 (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, 2025. Financial Highlights First Quarter 2025 Financial Highlights Revenue was $181.5 million in the first quarter of 2025, compared to $149.6 million in the first quarter of 2024, reflecting 21% growth.Recurring revenue grew 23% from the first quarter of 2024.Net income was $22.2 million or $0.58 per diluted share, compared to net i
MINNEAPOLIS, April 10, 2025 (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 first quarter ended March 31, 2025, after the market close on Thursday, April 24, 2025. 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 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the E
Company delivers 96th consecutive quarter of topline growth Fourth quarter 2024 revenue grew 18% and recurring revenue grew 19% from the fourth quarter of 2023 MINNEAPOLIS, Feb. 10, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the fourth quarter and year ended December 31, 2024. Financial Highlights Fourth Quarter 2024 Financial Highlights Revenue was $170.9 million in the fourth quarter of 2024, compared to $145.0 million in the fourth quarter of 2023, reflecting 18% growth.Recurring revenue grew 19% from the fourth quarter of 2023.Net income was $17.6 million or $0.46 per di
MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. "We are very excited to welcome Carbon6 employees and customers to SPS Commerce," said Chad Collins, CEO of SPS Commerce. "Together, we believe we will deliver unmatched solutions for first-party and third-party sellers and establish SPS as a leading provider in the emerging category of revenue recovery." About SPS Commerce SPS
MINNEAPOLIS, Minn., Jan. 27, 2025 (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 fourth quarter and year ended December 31, 2024, after the market close on Monday, February 10, 2025. 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 be joined into the SPS Commerce conference call. A live webcast of the call will be available at http://investors.spsc
Acquisition builds on the company's revenue recovery portfolio with increased support for Amazon sellers Company to host conference call today at 5:00 p.m. ET MINNEAPOLIS, Jan. 02, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it has reached an agreement to acquire Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. The transaction is subject to customary closing conditions, including any necessary regulatory approvals. Whether selling to Amazon as a first-party s
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,
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