Alamar Capital Management LLC Takes Position in SPS Commerce, Inc. $SPSC

Alamar Capital Management LLC purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,500 shares of the software maker’s stock, valued at approximately $204,000.

Other institutional investors have also made changes to their positions in the company. Legacy Advisors LLC increased its position in SPS Commerce by 21.9% in the 1st quarter. Legacy Advisors LLC now owns 3,539 shares of the software maker’s stock worth $470,000 after buying an additional 636 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of SPS Commerce by 2.3% during the first quarter. Illinois Municipal Retirement Fund now owns 23,600 shares of the software maker’s stock valued at $3,132,000 after purchasing an additional 535 shares during the period. KBC Group NV increased its position in shares of SPS Commerce by 8.1% during the first quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after purchasing an additional 124 shares during the period. Vontobel Holding Ltd. increased its position in shares of SPS Commerce by 25.7% during the first quarter. Vontobel Holding Ltd. now owns 7,370 shares of the software maker’s stock valued at $978,000 after purchasing an additional 1,509 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of SPS Commerce by 3.3% during the first quarter. Principal Financial Group Inc. now owns 199,709 shares of the software maker’s stock valued at $26,507,000 after purchasing an additional 6,306 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Up 1.0%

Shares of SPSC opened at $112.45 on Friday. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06. The firm has a market capitalization of $4.26 billion, a PE ratio of 51.58 and a beta of 0.69. The stock’s fifty day simple moving average is $109.12 and its 200-day simple moving average is $126.29.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating 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 company had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. During the same period in the prior year, the company posted $0.80 EPS. The company’s 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. Analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price target on shares of SPS Commerce in a research note on Thursday, September 25th. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald decreased their price target on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th. Loop Capital lowered SPS Commerce from a “buy” rating to a “hold” rating and decreased their price target for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SPS Commerce in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.