Conestoga Capital Advisors LLC Sells 9,440 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Conestoga Capital Advisors LLC has reduced its stake in SPS Commerce, Inc. by 0.7%, selling 9,440 shares and now holding approximately 1,250,742 shares.
• Several institutional investors have increased their positions in SPS Commerce, with UMB Bank n.a. and NewEdge Advisors LLC growing their stakes by 60.6% and 545.7%, respectively.
• Wall Street analysts have varied opinions on SPS Commerce, with ratings ranging from "buy" to "hold" and target prices set between $120.00 and $140.00 following recent adjustments.

Conestoga Capital Advisors LLC reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,250,742 shares of the software maker's stock after selling 9,440 shares during the period. SPS Commerce makes up about 2.5% of Conestoga Capital Advisors LLC's holdings, making the stock its 14th largest holding. Conestoga Capital Advisors LLC owned 3.29% of SPS Commerce worth $170,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPSC. UMB Bank n.a. grew its position in SPS Commerce by 60.6% during the second quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock worth $29,000 after buying an additional 80 shares in the last quarter. NewEdge Advisors LLC grew its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares in the last quarter. Allworth Financial LP grew its position in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after buying an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in 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 worth $40,000 after buying an additional 155 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in SPS Commerce by 41.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker's stock worth $43,000 after buying an additional 92 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPSC has been the subject of several recent analyst reports. Morgan Stanley restated an "overweight" rating and set a $140.00 target price (down from $170.00) on shares of SPS Commerce in a research report on Tuesday, October 14th. Loop Capital cut SPS Commerce from a "buy" rating to a "hold" rating and reduced their target price for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Northland Securities set a $125.00 price objective on SPS Commerce in a report on Tuesday, September 30th. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a report on Tuesday, October 14th. Finally, Cantor Fitzgerald cut their price objective on SPS Commerce from $170.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $153.70.

SPS Commerce Trading Up 1.8%

SPSC opened at $109.05 on Monday. The stock has a 50-day moving average price of $109.00 and a 200-day moving average price of $126.68. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06. The stock has a market capitalization of $4.13 billion, a P/E ratio of 50.02 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its 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 company 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%.SPS Commerce's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior 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, equities research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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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