US Bancorp DE Has $3.99 Million Stock Position in SPS Commerce, Inc. $SPSC

US Bancorp DE reduced its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,323 shares of the software maker's stock after selling 6,568 shares during the period. US Bancorp DE owned approximately 0.08% of SPS Commerce worth $3,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hardy Reed LLC grew its stake in shares of SPS Commerce by 2.8% during the second quarter. Hardy Reed LLC now owns 2,746 shares of the software maker's stock worth $374,000 after buying an additional 75 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in shares of SPS Commerce by 4.3% during the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker's stock worth $255,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. grew its stake in shares of SPS Commerce by 60.6% during the second quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock worth $29,000 after buying an additional 80 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of SPS Commerce by 1.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker's stock worth $1,230,000 after buying an additional 90 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of SPS Commerce by 41.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker's stock worth $43,000 after buying an additional 92 shares during the last quarter. Institutional investors own 98.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPSC. Morgan Stanley decreased their target price 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. Stifel Nicolaus reduced 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 note on Thursday, July 31st. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of SPS Commerce in a research note on Wednesday, September 24th. Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, DA Davidson reissued a "neutral" rating and issued a $125.00 price objective on shares of SPS Commerce in a research note on Thursday, September 25th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $156.70.

SPS Commerce Stock Up 1.1%

SPSC stock opened at $108.09 on Tuesday. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 49.58 and a beta of 0.69. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06. The company's fifty day simple moving average is $109.00 and its 200 day simple moving average is $127.38.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. The business 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%. SPS Commerce's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. 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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