Petrus Trust Company LTA Purchases Shares of 5,685 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 bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,685 shares of the software maker's stock, valued at approximately $755,000.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after buying an additional 125 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares during the period. Allworth Financial LP lifted its holdings in shares of SPS Commerce by 296.6% in the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after buying an additional 175 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of SPS Commerce by 105.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock worth $40,000 after buying an additional 155 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of SPS Commerce by 4,155.6% in the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after buying an additional 374 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SPSC shares. Morgan Stanley lowered their target price on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Loop Capital cut SPS Commerce from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Stifel Nicolaus decreased their price objective on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, DA Davidson cut SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $175.00 to $125.00 in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Performance

NASDAQ:SPSC traded up $0.56 during mid-day trading on Tuesday, hitting $111.04. 459,367 shares of the company's stock traded hands, compared to its average volume of 417,025. The company has a fifty day moving average of $122.37 and a 200 day moving average of $131.49. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $201.06. The company has a market capitalization of $4.21 billion, a P/E ratio of 50.94 and a beta of 0.70.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced 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 company had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. During the same period in the prior year, the company posted $0.80 EPS. The firm'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. On average, research 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.