Wellington Management Group LLP Has $32.87 Million Stock Holdings in SPS Commerce, Inc. $SPSC

Key Points

• Wellington Management Group LLP increased its stake in SPS Commerce by 7.1% during the first quarter, now owning 247,652 shares valued at approximately $32.87 million.
• SPS Commerce reported a 22.0% year-over-year revenue growth, with quarterly revenue of $187.40 million and an EPS of $1.00, surpassing analysts' expectations.
• Wall Street analysts have mixed ratings for SPS Commerce, with an average target price of $165.80, indicating potential for appreciation despite recent adjustments to price objectives.

Wellington Management Group LLP grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,652 shares of the software maker's stock after acquiring an additional 16,327 shares during the quarter. Wellington Management Group LLP owned about 0.65% of SPS Commerce worth $32,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after acquiring an additional 125 shares during the last quarter. Allworth Financial LP increased its stake in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock worth $40,000 after buying an additional 155 shares during the period. Versant Capital Management Inc boosted its holdings in SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $51,000 after purchasing an additional 374 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in SPS Commerce in the fourth quarter valued at about $70,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on SPSC shares. DA Davidson cut SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their price objective for the company from $175.00 to $125.00 in a research note on Thursday, July 31st. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Nicolaus dropped their price target on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Needham & Company LLC dropped their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald assumed coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. Five 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded down $0.87 during midday trading on Friday, hitting $110.06. 251,533 shares of the stock were exchanged, compared to its average volume of 354,508. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $203.86. The business's fifty day simple moving average is $126.49 and its two-hundred day simple moving average is $133.67. The company has a market capitalization of $4.17 billion, a PE ratio of 50.51 and a beta of 0.71.

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 for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million for the quarter, compared to the consensus estimate 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 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. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS 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.