SPS Commerce, Inc. $SPSC Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,628 shares of the software maker’s stock after acquiring an additional 159 shares during the period. AlphaQuest LLC’s holdings in SPS Commerce were worth $902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of SPS Commerce by 505.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after acquiring an additional 1,110,476 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after acquiring an additional 225,848 shares during the period. Northern Trust Corp grew its holdings in shares of SPS Commerce by 0.7% in the 1st quarter. Northern Trust Corp now owns 513,370 shares of the software maker’s stock worth $68,140,000 after acquiring an additional 3,329 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of SPS Commerce by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 483,654 shares of the software maker’s stock worth $64,195,000 after acquiring an additional 2,238 shares during the period. Finally, Granahan Investment Management LLC grew its holdings in shares of SPS Commerce by 33.3% in the 1st quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker’s stock worth $53,579,000 after acquiring an additional 100,748 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

SPSC has been the topic of a number of research reports. Northland Securities set a $125.00 price target on SPS Commerce in a report on Tuesday, September 30th. Stifel Nicolaus reduced their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Loop Capital lowered SPS Commerce from a “buy” rating to a “hold” rating and reduced their target price for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Weiss Ratings lowered SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $125.00 target price on shares of SPS Commerce in a research note on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and a consensus target price of $153.70.

SPS Commerce Stock Down 0.2%

Shares of SPS Commerce stock opened at $112.24 on Monday. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $201.06. The firm has a market cap of $4.26 billion, a PE ratio of 51.49 and a beta of 0.69. The business’s fifty day moving average is $109.12 and its two-hundred day moving average is $126.19.

SPS Commerce (NASDAQ:SPSC) 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 return on equity of 12.10% and a net margin of 11.79%.The company had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. During the same quarter in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter 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. Equities research 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.