Kayne Anderson Rudnick Investment Management LLC Boosts Stock Holdings in SPS Commerce, Inc. $SPSC

Key Points

• Kayne Anderson Rudnick Investment Management LLC has increased its stake in SPS Commerce by 34.1%, now owning approximately 887,615 shares valued at $117.8 million.
• SPS Commerce reported quarterly earnings with an EPS of $1.00, exceeding analyst estimates, and projected a fiscal year guidance of 3.990-4.040 EPS for 2025.
• The stock's current average rating is "Moderate Buy" with an average target price of $165.80, despite some analysts lowering their target prices recently.

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 34.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 887,615 shares of the software maker's stock after purchasing an additional 225,848 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.34% of SPS Commerce worth $117,813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SPSC. Comerica Bank lifted its stake in SPS Commerce by 7.9% in the 1st quarter. Comerica Bank now owns 120,783 shares of the software maker's stock worth $16,032,000 after purchasing an additional 8,799 shares in the last quarter. Synovus Financial Corp lifted its stake in SPS Commerce by 104.2% in the 1st quarter. Synovus Financial Corp now owns 19,256 shares of the software maker's stock worth $2,556,000 after purchasing an additional 9,826 shares in the last quarter. Jump Financial LLC lifted its stake in SPS Commerce by 158.4% in the 1st quarter. Jump Financial LLC now owns 49,221 shares of the software maker's stock worth $6,533,000 after purchasing an additional 30,174 shares in the last quarter. SVB Wealth LLC purchased a new position in SPS Commerce in the 1st quarter worth approximately $52,000. Finally, AlphaQuest LLC lifted its stake in SPS Commerce by 104.3% in the 1st quarter. AlphaQuest LLC now owns 6,469 shares of the software maker's stock worth $859,000 after purchasing an additional 3,302 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on SPSC. Morgan Stanley decreased their target price on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Loop Capital lowered shares of SPS Commerce from a "buy" rating to a "hold" rating and reduced their price target for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, Needham & Company LLC reduced their price target on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded up $0.04 during trading on Friday, hitting $110.97. The company's stock had a trading volume of 204,577 shares, compared to its average volume of 354,108. The business has a 50 day moving average price of $126.49 and a two-hundred day moving average price of $133.67. The company has a market capitalization of $4.21 billion, a PE ratio of 50.87 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 issued its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company's 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. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.