45,649 Shares in SPS Commerce, Inc. $SPSC Acquired by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP has acquired 45,649 shares of SPS Commerce, Inc., valued at approximately $6,059,000, making it the company's 13th largest holding.
• SPS Commerce reported a 22% year-over-year revenue growth for the latest quarter, with earnings surpassing expectations at $1.00 per share.
• Analysts have mixed ratings for SPS Commerce, with an average price target of $165.80 and a consensus rating of "Moderate Buy."

Advantage Alpha Capital Partners LP bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 45,649 shares of the software maker's stock, valued at approximately $6,059,000. SPS Commerce accounts for 1.5% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 13th largest holding. Advantage Alpha Capital Partners LP owned 0.12% of SPS Commerce at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPSC. Marshall Wace LLP bought a new stake in SPS Commerce during the 4th quarter worth approximately $2,441,000. First Trust Advisors LP raised its stake in SPS Commerce by 202.0% during the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock worth $1,046,000 after acquiring an additional 3,801 shares during the period. Dimensional Fund Advisors LP raised its stake in SPS Commerce by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock worth $78,159,000 after acquiring an additional 11,506 shares during the period. MetLife Investment Management LLC raised its stake in SPS Commerce by 6.9% during the 4th quarter. MetLife Investment Management LLC now owns 22,555 shares of the software maker's stock worth $4,150,000 after acquiring an additional 1,455 shares during the period. Finally, MML Investors Services LLC raised its stake in SPS Commerce by 6.8% during the 4th quarter. MML Investors Services LLC now owns 10,097 shares of the software maker's stock worth $1,858,000 after acquiring an additional 647 shares during the period. Institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

Shares of SPSC opened at $113.31 on Friday. The company's fifty day moving average is $128.66 and its 200 day moving average is $135.99. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $203.86. The stock has a market capitalization of $4.30 billion, a PE ratio of 51.98 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company had revenue of $187.40 million for the quarter, compared to analysts' expectations of $185.88 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. SPS Commerce's quarterly revenue was up 22.0% on a year-over-year basis. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SPSC. Cantor Fitzgerald began coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. DA Davidson cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $175.00 to $125.00 in a research report on Thursday, July 31st. Robert W. Baird lifted their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Loop Capital cut shares of SPS Commerce from a "buy" rating to a "hold" rating and reduced their price objective for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Finally, Morgan Stanley reduced their price objective on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.80.

About SPS Commerce

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.

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