Whittier Trust Co. Boosts Stake in SPS Commerce, Inc. $SPSC

Whittier Trust Co. raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,698 shares of the software maker’s stock after buying an additional 393 shares during the quarter. Whittier Trust Co.’s holdings in SPS Commerce were worth $3,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPSC. Legacy Advisors LLC grew its position in SPS Commerce by 21.9% during the first quarter. Legacy Advisors LLC now owns 3,539 shares of the software maker’s stock worth $470,000 after buying an additional 636 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in SPS Commerce by 2.3% during the first quarter. Illinois Municipal Retirement Fund now owns 23,600 shares of the software maker’s stock worth $3,132,000 after buying an additional 535 shares in the last quarter. KBC Group NV grew its position in SPS Commerce by 8.1% during the first quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock worth $219,000 after buying an additional 124 shares in the last quarter. Vontobel Holding Ltd. grew its position in SPS Commerce by 25.7% during the first quarter. Vontobel Holding Ltd. now owns 7,370 shares of the software maker’s stock worth $978,000 after buying an additional 1,509 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in SPS Commerce by 3.3% during the first quarter. Principal Financial Group Inc. now owns 199,709 shares of the software maker’s stock worth $26,507,000 after buying an additional 6,306 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPSC has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a report on Wednesday, September 24th. Stifel Nicolaus cut their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of SPS Commerce in a report on Wednesday, October 8th. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $140.00 price objective (down from $170.00) on shares of SPS Commerce in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $153.70.

SPS Commerce Price Performance

Shares of SPSC stock opened at $113.04 on Wednesday. The stock has a market capitalization of $4.29 billion, a PE ratio of 51.85 and a beta of 0.69. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $201.06. The business has a 50-day moving average of $109.22 and a 200 day moving average of $126.47.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. The company 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%.SPS Commerce’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business 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. Analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

SPS Commerce Company 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.