Inspire Advisors LLC Purchases 919 Shares of SPS Commerce, Inc. $SPSC

Inspire Advisors LLC lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 24.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,646 shares of the software maker’s stock after purchasing an additional 919 shares during the period. Inspire Advisors LLC’s holdings in SPS Commerce were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intrust Bank NA lifted its position in SPS Commerce by 28.9% during the 2nd quarter. Intrust Bank NA now owns 4,823 shares of the software maker’s stock worth $656,000 after acquiring an additional 1,082 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of SPS Commerce in the second quarter valued at about $715,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of SPS Commerce by 15.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,939 shares of the software maker’s stock worth $4,483,000 after purchasing an additional 4,317 shares during the period. Summitry LLC acquired a new position in shares of SPS Commerce during the 2nd quarter worth about $244,000. Finally, Intech Investment Management LLC boosted its stake in SPS Commerce by 0.7% during the 2nd quarter. Intech Investment Management LLC now owns 23,969 shares of the software maker’s stock valued at $3,262,000 after purchasing an additional 171 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPSC. Loop Capital downgraded SPS Commerce from a “buy” rating to a “hold” rating and dropped their price target for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Weiss Ratings downgraded shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Cantor Fitzgerald lowered shares of SPS Commerce from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $135.00 to $80.00 in a research report on Friday, October 31st. Citigroup reduced their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 price target (down from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SPS Commerce currently has a consensus rating of “Hold” and an average price target of $106.80.

SPS Commerce Trading Down 1.6%

SPSC opened at $78.65 on Wednesday. The stock’s 50 day simple moving average is $101.01 and its 200-day simple moving average is $120.49. The stock has a market cap of $2.97 billion, a PE ratio of 36.08 and a beta of 0.71. SPS Commerce, Inc. has a 1 year low of $73.05 and a 1 year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. Equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.