SPS Commerce, Inc. $SPSC Shares Bought by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC has increased its ownership in SPS Commerce by 33.3%, acquiring an additional 100,748 shares during the 1st quarter.
• SPS Commerce reported earnings of $1.00 per share for the last quarter, exceeding analyst expectations of $0.90, with a revenue growth of 22.0% year-over-year.
• Analyst ratings have varied, with five analysts giving SPS Commerce a "Buy" rating and five others a "Hold," resulting in an average target price of $165.80.

Granahan Investment Management LLC boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,668 shares of the software maker's stock after acquiring an additional 100,748 shares during the period. SPS Commerce accounts for approximately 2.7% of Granahan Investment Management LLC's investment portfolio, making the stock its 6th biggest position. Granahan Investment Management LLC owned about 1.06% of SPS Commerce worth $53,579,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SPSC. First Trust Advisors LP lifted its position 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. Tudor Investment Corp ET AL acquired a new position in shares of SPS Commerce during the 4th quarter valued at about $556,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of SPS Commerce in the fourth quarter valued at about $1,314,000. Ameriprise Financial Inc. grew its holdings in shares of SPS Commerce by 33.4% in the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock valued at $140,882,000 after purchasing an additional 191,740 shares during the period. Finally, Algert Global LLC increased its position in SPS Commerce by 86.9% during the fourth quarter. Algert Global LLC now owns 17,525 shares of the software maker's stock worth $3,224,000 after purchasing an additional 8,150 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $108.01 on Thursday. The company has a market cap of $4.09 billion, a PE ratio of 49.55 and a beta of 0.70. The business has a 50-day simple moving average of $124.39 and a 200-day simple moving average of $132.53. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping 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 business had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. During the same period in the prior year, the firm posted $0.80 EPS. The company's 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, sell-side analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Needham & Company LLC cut their price target on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, July 31st. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price target for the company from $175.00 to $125.00 in a research note on Thursday, July 31st. Stifel Nicolaus cut their price objective on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Morgan Stanley reduced their price target 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. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $165.80.

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.

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