AlphaQuest LLC Buys 3,302 Shares of SPS Commerce, Inc. $SPSC

Key Points

• AlphaQuest LLC increased its stake in SPS Commerce, Inc. by 104.3% during the first quarter, owning a total of 6,469 shares valued at approximately $859,000 after purchasing an additional 3,302 shares.
• Recent analyst reports have resulted in multiple downgrades for SPS Commerce, with price targets being lowered significantly, leading to a consensus rating of "Moderate Buy".
• SPS Commerce reported $1.00 earnings per share (EPS) for its latest quarter, exceeding analysts' expectations and showing a 22% year-over-year revenue growth.

AlphaQuest LLC boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 104.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,469 shares of the software maker's stock after purchasing an additional 3,302 shares during the quarter. AlphaQuest LLC's holdings in SPS Commerce were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Advantage Alpha Capital Partners LP bought a new stake in SPS Commerce during the first quarter valued at about $6,059,000. Norinchukin Bank The boosted its position in SPS Commerce by 38.3% during the first quarter. Norinchukin Bank The now owns 7,550 shares of the software maker's stock valued at $1,002,000 after purchasing an additional 2,090 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in SPS Commerce during the first quarter valued at about $88,000. Wellington Management Group LLP boosted its position in SPS Commerce by 7.1% during the first quarter. Wellington Management Group LLP now owns 247,652 shares of the software maker's stock valued at $32,871,000 after purchasing an additional 16,327 shares in the last quarter. Finally, Northern Trust Corp boosted its position in SPS Commerce by 0.7% during the first quarter. Northern Trust Corp now owns 513,370 shares of the software maker's stock valued at $68,140,000 after purchasing an additional 3,329 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Needham & Company LLC lowered their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and lowered their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from $175.00 to $125.00 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 research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Up 2.2%

Shares of NASDAQ:SPSC opened at $115.82 on Monday. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $203.86. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 53.13 and a beta of 0.71. The business has a 50-day moving average price of $128.28 and a 200-day moving average price of $134.90.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. During the same period last year, the business posted $0.80 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. 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, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

SPS Commerce Company 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.

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