Select Equity Group L.P. Buys 40,135 Shares of SPS Commerce, Inc. $SPSC

Select Equity Group L.P. grew its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 511.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,985 shares of the software maker's stock after purchasing an additional 40,135 shares during the quarter. Select Equity Group L.P. owned about 0.13% of SPS Commerce worth $6,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in SPS Commerce by 126.3% during the first 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 in the last quarter. NewEdge Advisors LLC grew its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares in the last quarter. Allworth Financial LP grew its position in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after buying an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in SPS Commerce by 105.4% during the first 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 in the last quarter. Finally, Versant Capital Management Inc grew its position 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 buying an additional 374 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and reduced their price target for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Wall Street Zen downgraded SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Cantor Fitzgerald initiated coverage on SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price for the company. Finally, Needham & Company LLC cut their target price 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. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Stock Performance

Shares of SPSC traded down $6.82 during trading hours on Friday, reaching $105.53. The stock had a trading volume of 395,579 shares, compared to its average volume of 423,692. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The stock has a market capitalization of $4.00 billion, a PE ratio of 48.41 and a beta of 0.70. The company's 50-day moving average is $120.48 and its two-hundred day moving average is $130.91.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly 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 analysts' expectations of $185.88 million. During the same period in the prior year, the company earned $0.80 EPS. SPS Commerce's 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 anticipate that SPS Commerce, Inc. will post 2.73 earnings per share 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.