Russell Investments Group Ltd. Has $7.54 Million Stock Position in SPS Commerce, Inc. $SPSC

Key Points

• Russell Investments Group Ltd. increased its stake in SPS Commerce by 17.8% in Q1, now owning 56,822 shares worth approximately $7.54 million.
• A total of 98.96% of SPS Commerce's stock is held by hedge funds and institutional investors, with multiple firms adjusting their stakes.
• SPS Commerce reported $1.00 EPS for the quarter, exceeding analysts' expectations, and has provided FY 2025 guidance with an EPS prediction of 3.990-4.040.

Russell Investments Group Ltd. boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,822 shares of the software maker's stock after buying an additional 8,590 shares during the period. Russell Investments Group Ltd. owned 0.15% of SPS Commerce worth $7,542,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

SPSC has been the topic of several research analyst reports. Needham & Company LLC decreased their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their target price for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Stifel Nicolaus lowered their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price target for the company. Finally, Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Trading Up 2.2%

Shares of SPS Commerce stock traded up $2.51 during mid-day trading on Friday, hitting $115.82. 449,293 shares of the stock were exchanged, compared to its average volume of 531,148. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 53.13 and a beta of 0.71. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $203.86. The company has a 50-day simple moving average of $128.28 and a 200 day simple moving average of $135.54.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $0.80 EPS. The business's revenue for the quarter 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 research analysts forecast 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.