Stanley Laman Group Ltd. Acquires 4,886 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Stanley Laman Group Ltd. increased its stake in SPS Commerce, Inc. by 20.6%, acquiring an additional 4,886 shares, bringing its total holdings to 28,639 shares worth approximately $3.9 million.
• Institutional investors hold a significant 98.96% of SPS Commerce's stock, with major positions being increased by several funds like Nordea Investment Management AB and Kayne Anderson Rudnick Investment Management LLC in recent quarters.
• Analysts have mixed views on SPS Commerce, with price targets set between $125.00 and $160.00, reflecting diverse opinions on the stock - five have rated it as a "Buy" while six maintain a "Hold" rating.

Stanley Laman Group Ltd. grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 20.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,639 shares of the software maker's stock after acquiring an additional 4,886 shares during the period. Stanley Laman Group Ltd. owned 0.08% of SPS Commerce worth $3,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPSC. Nordea Investment Management AB boosted its position in SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker's stock valued at $177,587,000 after purchasing an additional 1,110,476 shares during the last quarter. Nuveen LLC bought a new stake in shares of SPS Commerce during the 1st quarter worth approximately $37,546,000. Fiera Capital Corp acquired a new stake in shares of SPS Commerce in the 1st quarter valued at approximately $31,311,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of SPS Commerce by 34.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker's stock valued at $117,813,000 after buying an additional 225,848 shares in the last quarter. Finally, Granahan Investment Management LLC increased its holdings in SPS Commerce by 33.3% during the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker's stock worth $53,579,000 after buying an additional 100,748 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on SPSC shares. Morgan Stanley reiterated an "overweight" rating and issued a $140.00 price target (down previously from $170.00) on shares of SPS Commerce in a research note on Tuesday. DA Davidson reiterated a "neutral" rating and issued a $125.00 target price on shares of SPS Commerce in a research note on Thursday, September 25th. Cantor Fitzgerald lowered their price target on SPS Commerce from $170.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 24th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of SPS Commerce in a research note on Wednesday, September 24th. Finally, Wall Street Zen downgraded SPS Commerce from a "buy" rating to a "hold" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, SPS Commerce currently has a consensus rating of "Hold" and an average price target of $153.70.

SPS Commerce Stock Up 1.8%

Shares of NASDAQ:SPSC opened at $109.05 on Friday. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06. The stock has a market cap of $4.13 billion, a PE ratio of 50.02 and a beta of 0.69. The business has a 50 day moving average of $109.00 and a 200-day moving average of $126.78.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share 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.

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