Vanguard Personalized Indexing Management LLC Boosts Stake in SPS Commerce, Inc. $SPSC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in SPS Commerce by 43.4%, owning 9,550 shares valued at $1.3 million after purchasing an additional 2,890 shares in the second quarter.
• SPS Commerce reported earnings per share of $1.00 for the last quarter, exceeding analysts' expectations of $0.90 and marking a 22% year-over-year revenue increase.
• Despite some analysts downgrading the stock, it maintains a consensus rating of "Hold" with a target price of $153.70 among investment analysts.

Vanguard Personalized Indexing Management LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 43.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,550 shares of the software maker's stock after purchasing an additional 2,890 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in SPS Commerce were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPSC. UMB Bank n.a. boosted its holdings in SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock worth $29,000 after acquiring an additional 80 shares in the last quarter. NewEdge Advisors LLC grew its position in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after purchasing an additional 191 shares during the period. Allworth Financial LP raised its position in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 valued at $40,000 after purchasing an additional 155 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker's stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Up 1.8%

NASDAQ:SPSC opened at $109.05 on Friday. The stock's 50 day moving average price is $109.00 and its 200 day moving average price is $126.70. The company has a market capitalization of $4.13 billion, a PE ratio of 50.02 and a beta of 0.69. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $0.80 EPS. SPS Commerce's quarterly revenue was up 22.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPSC has been the subject of several research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of SPS Commerce in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Tuesday, October 14th. Cantor Fitzgerald dropped their target price on SPS Commerce from $170.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, September 24th. DA Davidson reiterated a "neutral" rating and issued a $125.00 price objective on shares of SPS Commerce in a research note on Thursday, September 25th. Finally, Loop Capital downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating and decreased their price target for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Five investment 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 stock presently has a consensus rating of "Hold" and a consensus target price of $153.70.

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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