Johnson Investment Counsel Inc. Raises Stake in SPS Commerce, Inc. $SPSC

Key Points

• Johnson Investment Counsel Inc. increased its stake in SPS Commerce, Inc. by 22.7% in Q2, owning 16,792 shares valued at approximately $2.29 million.
• SPS Commerce reported $1.00 earnings per share for the last quarter, surpassing analysts' expectations of $0.90 and showing a year-over-year revenue growth of 22.0%.
• Wall Street analysts currently hold a consensus rating of "Hold" for SPS Commerce stock, with an average price target of $156.70.

Johnson Investment Counsel Inc. raised its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 22.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,792 shares of the software maker's stock after acquiring an additional 3,110 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in SPS Commerce were worth $2,285,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock valued at $29,000 after buying an additional 80 shares in the last quarter. NewEdge Advisors LLC raised its stake in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Allworth Financial LP raised its stake in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after acquiring an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in SPS Commerce by 105.4% during the 1st 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker's stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

SPSC stock opened at $108.09 on Tuesday. The company has a fifty day moving average price of $109.00 and a 200 day moving average price of $127.38. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 49.58 and a beta of 0.69.

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, beating the consensus estimate of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to analysts' expectations of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. SPS Commerce's revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Tuesday. Northland Securities set a $125.00 price target on shares of SPS Commerce in a research note on Tuesday, September 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of SPS Commerce in a research report on Wednesday, October 8th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, DA Davidson reiterated a "neutral" rating and issued a $125.00 price target on shares of SPS Commerce in a research report on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $156.70.

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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