Element Capital Management LLC Purchases New Position in SPS Commerce, Inc. $SPSC

Key Points

• Element Capital Management LLC acquired 20,069 shares of SPS Commerce, Inc. for approximately $2,664,000, representing about 0.05% ownership in the company.
• SPS Commerce reported a earnings per share of $1.00 for the last quarter, exceeding the estimate of $0.90, with a year-over-year revenue growth of 22.0%.
• Several analysts have adjusted their price targets for SPS Commerce, reducing them from previous estimates, with a consensus rating of "Moderate Buy" and an average target price of $165.80.

Element Capital Management LLC bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,069 shares of the software maker's stock, valued at approximately $2,664,000. Element Capital Management LLC owned about 0.05% of SPS Commerce at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in SPS Commerce by 126.3% during 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 increased its stake 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 acquiring an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 acquiring an additional 155 shares during the last quarter. Versant Capital Management Inc increased its stake in SPS Commerce by 4,155.6% during the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after acquiring an additional 374 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in SPS Commerce during the fourth quarter worth approximately $70,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Down 0.5%

Shares of SPSC stock traded down $0.61 during trading hours on Tuesday, reaching $113.89. 344,113 shares of the company's stock were exchanged, compared to its average volume of 350,312. The stock's 50 day moving average is $130.26 and its 200-day moving average is $136.78. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 52.24 and a beta of 0.71. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $203.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $185.88 million. During the same period in the prior year, the firm earned $0.80 EPS. The firm's 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. Equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

SPSC has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Stifel Nicolaus dropped their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research 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 price target for the company. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday. Finally, 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. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.