Petrus Trust Company LTA Takes Position in SPS Commerce, Inc. $SPSC

Key Points

• Petrus Trust Company LTA has acquired a new position in SPS Commerce, Inc., purchasing 5,685 shares valued at approximately $755,000.
• Institutional investors and hedge funds collectively own 98.96% of SPS Commerce's stock, indicating strong institutional interest in the company.
• Recent analyst ratings show mixed sentiments, with five analysts rating the stock as a "Buy" and five as a "Hold," and the average price target set at $165.80.

Petrus Trust Company LTA purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,685 shares of the software maker's stock, valued at approximately $755,000.

A number of other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. Allworth Financial LP lifted its position in shares of SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock worth $40,000 after purchasing an additional 155 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings 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 purchasing an additional 374 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Up 1.8%

Shares of SPSC traded up $1.96 during mid-day trading on Thursday, reaching $112.35. The company's stock had a trading volume of 486,289 shares, compared to its average volume of 360,858. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $201.06. The business has a 50-day simple moving average of $121.78 and a two-hundred day simple moving average of $131.35. The stock has a market cap of $4.26 billion, a P/E ratio of 51.54 and a beta of 0.70.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million for 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%.The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SPSC shares. Stifel Nicolaus lowered 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 note on Thursday, July 31st. Loop Capital cut SPS Commerce from a "buy" rating to a "hold" rating and decreased their price objective for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Needham & Company LLC decreased their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their price objective for the company from $175.00 to $125.00 in a report 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.