Northern Trust Corp Has $68.14 Million Position in SPS Commerce, Inc. $SPSC

Key Points

• Northern Trust Corp has increased its stake in SPS Commerce, Inc. by 0.7%, holding 513,370 shares worth approximately $68.14 million.
• SPS Commerce reported a Q2 earnings per share of $1.00, exceeding estimates by 10 cents, with a revenue increase of 22.0% year-over-year.
• Analysts have mixed ratings on SPS Commerce stock, with a consensus rating of "Moderate Buy" and a price target averaging $165.80.

Northern Trust Corp grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 513,370 shares of the software maker's stock after buying an additional 3,329 shares during the period. Northern Trust Corp owned 1.35% of SPS Commerce worth $68,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of SPS Commerce by 11.8% during the first quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker's stock valued at $43,991,000 after buying an additional 34,859 shares during the last quarter. KBC Group NV increased its stake in shares of SPS Commerce by 8.1% during the first quarter. KBC Group NV now owns 1,651 shares of the software maker's stock valued at $219,000 after acquiring an additional 124 shares during the period. SG Americas Securities LLC acquired a new position in shares of SPS Commerce during the first quarter valued at approximately $1,045,000. First Trust Advisors LP increased its stake in shares of SPS Commerce by 202.0% during the fourth quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock valued at $1,046,000 after acquiring an additional 3,801 shares during the period. Finally, LPL Financial LLC increased its stake in shares of SPS Commerce by 7.4% during the first quarter. LPL Financial LLC now owns 50,015 shares of the software maker's stock valued at $6,487,000 after acquiring an additional 3,454 shares during the period. Institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

NASDAQ SPSC traded down $0.63 on Friday, hitting $110.30. 453,401 shares of the stock were exchanged, compared to its average volume of 355,864. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $203.86. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 50.60 and a beta of 0.71. The company's 50-day moving average price is $126.49 and its two-hundred day moving average price is $133.67.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $185.88 million. During the same period in the previous year, the company posted $0.80 EPS. The company'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 predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

SPSC has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price objective on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective on the stock. Morgan Stanley lowered their price objective 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 note on Saturday, August 16th. Finally, Stifel Nicolaus lowered their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research note 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.80.

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.