Strs Ohio Takes $465,000 Position in SPS Commerce, Inc. $SPSC

Key Points

• Strs Ohio has initiated a stake in SPS Commerce, Inc. with a purchase of 3,500 shares valued at approximately $465,000.
• Many institutional investors have increased their positions in SPS Commerce, with notable increases from Quantinno Capital Management LP (16.4%) and Public Employees Retirement System of Ohio (22.5%).
• Analysts have lowered price targets for SPS Commerce, with a consensus rating of "Moderate Buy" and an average target price of $165.80, reflecting recent adjustments from various firms.

Strs Ohio bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,500 shares of the software maker's stock, valued at approximately $465,000.

A number of other institutional investors have also modified their holdings of SPSC. Quantinno Capital Management LP increased its holdings in shares of SPS Commerce by 16.4% in the 4th quarter. Quantinno Capital Management LP now owns 2,241 shares of the software maker's stock valued at $412,000 after acquiring an additional 316 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of SPS Commerce by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,493 shares of the software maker's stock valued at $21,618,000 after acquiring an additional 15,194 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of SPS Commerce by 22.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 14,774 shares of the software maker's stock valued at $2,718,000 after acquiring an additional 2,714 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of SPS Commerce in the 4th quarter valued at $303,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in SPS Commerce by 14.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,510 shares of the software maker's stock valued at $278,000 after buying an additional 193 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPSC has been the topic of a number of analyst reports. Needham & Company LLC lowered their price objective 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. Wall Street Zen upgraded shares of SPS Commerce from a "hold" rating to a "buy" rating in a research report on Saturday. Stifel Nicolaus lowered their price objective on shares of 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 lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their price objective for the company from $175.00 to $125.00 in a research report on Thursday, July 31st. Finally, Loop Capital lowered shares of SPS Commerce from a "buy" rating to a "hold" rating and lowered their price objective for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $110.27 on Tuesday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 50.58 and a beta of 0.70. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06. The company's fifty day moving average is $116.94 and its two-hundred day moving average is $129.89.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to analyst estimates 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 was up 22.0% on a year-over-year basis. 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. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

About SPS Commerce

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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