SPS Commerce, Inc. $SPSC Stake Boosted by Select Equity Group L.P.

Select Equity Group L.P. lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 511.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,985 shares of the software maker's stock after purchasing an additional 40,135 shares during the period. Select Equity Group L.P. owned about 0.13% of SPS Commerce worth $6,369,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPSC. MassMutual Private Wealth & Trust FSB lifted its position in SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after purchasing an additional 125 shares during the period. NewEdge Advisors LLC grew its holdings in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after buying an additional 191 shares during the last quarter. Allworth Financial LP grew its holdings in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after buying an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in SPS Commerce by 105.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after buying an additional 155 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in SPS Commerce by 4,155.6% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $51,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Morgan Stanley reduced their target price on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus reduced 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 report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. Finally, Loop Capital cut SPS Commerce from a "buy" rating to a "hold" rating and reduced their target price for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Trading Down 5.7%

SPS Commerce stock traded down $6.35 during midday trading on Friday, hitting $106.00. The stock had a trading volume of 264,363 shares, compared to its average volume of 360,223. The stock has a market cap of $4.02 billion, a P/E ratio of 48.62 and a beta of 0.70. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The business has a fifty day moving average price of $121.20 and a 200 day moving average price of $131.17.

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, beating 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 during the quarter, compared to the consensus estimate of $185.88 million. During the same period in the previous year, the firm posted $0.80 earnings per share. SPS Commerce'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, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

SPS Commerce Company 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.