Algert Global LLC Increases Stake in 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 boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 54.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,995 shares of the software maker's stock after purchasing an additional 9,470 shares during the quarter. Algert Global LLC owned about 0.07% of SPS Commerce worth $3,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in 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 purchasing an additional 125 shares in the last quarter. Allworth Financial LP raised its position in 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 purchasing an additional 175 shares during the period. Caitong International Asset Management Co. Ltd raised its position in 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 purchasing an additional 155 shares during the period. Johnson Financial Group Inc. purchased a new position in SPS Commerce in the 4th quarter worth $70,000. Finally, Versant Capital Management Inc grew its holdings in 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 acquiring an additional 374 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SPSC shares. Needham & Company LLC cut their price target on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. 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 research note on Thursday, July 31st. DA Davidson cut shares of 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 report on Thursday, July 31st. Finally, Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Performance

Shares of SPSC traded down $3.59 during mid-day trading on Monday, hitting $112.23. 294,023 shares of the company traded hands, compared to its average volume of 535,369. The stock has a 50-day moving average price of $127.83 and a two-hundred day moving average price of $134.44. SPS Commerce, Inc. has a 1 year low of $102.05 and a 1 year high of $203.86. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 51.48 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. During the same period in the previous year, the company earned $0.80 earnings per share. The firm's quarterly revenue was up 22.0% on a year-over-year basis. 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, analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current 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.