Advantage Alpha Capital Partners LP Purchases Shares of 45,649 SPS Commerce, Inc. $SPSC

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 acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 45,649 shares of the software maker's stock, valued at approximately $6,059,000. SPS Commerce comprises approximately 1.5% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 13th biggest position. Advantage Alpha Capital Partners LP owned 0.12% of SPS Commerce at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after acquiring an additional 125 shares during the last quarter. Allworth Financial LP grew its stake in shares of SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of SPS Commerce by 105.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after buying an additional 155 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of SPS Commerce by 4,155.6% during the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $51,000 after buying an additional 374 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of SPS Commerce during the fourth quarter valued at $70,000. Institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded up $1.00 during trading on Wednesday, hitting $112.29. 205,781 shares of the company's stock were exchanged, compared to its average volume of 353,716. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $203.86. The business's 50-day simple moving average is $127.37 and its 200 day simple moving average is $134.28. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 51.54 and a beta of 0.71.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on SPSC. Morgan Stanley dropped their price objective on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus lowered their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on SPS Commerce in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and lowered their target price for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Finally, Wall Street Zen downgraded SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Profile

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.