SPS Commerce, Inc. $SPSC Shares Purchased by Comerica Bank

Key Points

• Comerica Bank has increased its stake in SPS Commerce, Inc. by 7.9%, owning approximately $16.03 million worth of shares after acquiring an additional 8,799 shares during the first quarter.
• In the most recent quarterly earnings report, SPS Commerce exceeded expectations with $1.00 EPS, beating the consensus estimate by $0.10, and reported revenue of $187.40 million.
• Analyst ratings for SPS Commerce are mixed, with some upgrades and downgrades, currently holding an average rating of "Moderate Buy" and an average price target of $165.80.

Comerica Bank increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 7.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 120,783 shares of the software maker's stock after buying an additional 8,799 shares during the quarter. Comerica Bank owned about 0.32% of SPS Commerce worth $16,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPSC. First Trust Advisors LP lifted its position in SPS Commerce by 202.0% during the fourth quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock worth $1,046,000 after buying an additional 3,801 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in SPS Commerce by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock worth $78,159,000 after buying an additional 11,506 shares in the last quarter. MML Investors Services LLC lifted its position in SPS Commerce by 6.8% during the fourth quarter. MML Investors Services LLC now owns 10,097 shares of the software maker's stock worth $1,858,000 after buying an additional 647 shares in the last quarter. Hsbc Holdings PLC lifted its position in SPS Commerce by 5.3% during the fourth quarter. Hsbc Holdings PLC now owns 5,729 shares of the software maker's stock worth $1,058,000 after buying an additional 288 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in SPS Commerce during the fourth quarter worth approximately $242,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on SPSC. Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and reduced their target price for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Morgan Stanley reduced their target price 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. Cantor Fitzgerald started coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. Wall Street Zen downgraded SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Needham & Company LLC cut their price objective on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Trading Down 0.6%

SPSC traded down $0.63 on Friday, hitting $110.30. 453,401 shares of the company were exchanged, compared to its average volume of 355,864. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $203.86. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 50.60 and a beta of 0.71. The firm has a 50-day moving average price of $126.49 and a two-hundred day moving average price of $133.67.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released 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 business had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. During the same period in the prior year, the firm posted $0.80 EPS. The business's quarterly revenue 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. Equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.