Algert Global LLC Acquires 9,470 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Algert Global LLC increased its holdings in SPS Commerce, Inc. by 54.0%, now owning approximately 0.07% of the company valued at $3.58 million.
• SPS Commerce reported a 22.0% year-over-year increase in revenue for the last quarter, achieving $187.4 million with an earnings per share (EPS) of $1.00.
• Analysts maintain a consensus rating of "Moderate Buy" for SPS Commerce, with a price target around $165.80, despite mixed updates from various firms regarding buy/hold recommendations.

Algert Global LLC lifted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 54.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,995 shares of the software maker's stock after acquiring an additional 9,470 shares during the period. Algert Global LLC owned approximately 0.07% of SPS Commerce worth $3,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Conestoga Capital Advisors LLC raised its position in shares of SPS Commerce by 0.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker's stock worth $167,264,000 after acquiring an additional 11,590 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of SPS Commerce by 33.4% in the 4th quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock worth $140,882,000 after acquiring an additional 191,740 shares in the last quarter. Northern Trust Corp raised its position in shares of SPS Commerce by 11.3% in the 4th quarter. Northern Trust Corp now owns 510,041 shares of the software maker's stock worth $93,842,000 after acquiring an additional 51,839 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of SPS Commerce by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 483,654 shares of the software maker's stock worth $64,195,000 after acquiring an additional 2,238 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in shares of SPS Commerce by 5.6% during the 4th quarter. Fred Alger Management LLC now owns 481,317 shares of the software maker's stock valued at $88,558,000 after acquiring an additional 25,414 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Performance

Shares of SPS Commerce stock traded up $2.51 during trading hours on Friday, reaching $115.82. The company's stock had a trading volume of 449,293 shares, compared to its average volume of 531,148. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $203.86. The company has a market capitalization of $4.39 billion, a P/E ratio of 53.13 and a beta of 0.71. The stock's fifty day simple moving average is $128.28 and its two-hundred day simple moving average is $135.54.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPSC shares. Needham & Company LLC dropped their target price on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Loop Capital lowered shares of SPS Commerce from a "buy" rating to a "hold" rating and dropped their price objective for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Morgan Stanley dropped their price objective on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. DA Davidson lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Finally, Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.80.

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.