Geode Capital Management LLC Buys 12,046 Shares of SPS Commerce, Inc. $SPSC

Geode Capital Management LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 975,890 shares of the software maker’s stock after purchasing an additional 12,046 shares during the quarter. Geode Capital Management LLC owned approximately 2.57% of SPS Commerce worth $132,824,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of SPS Commerce by 95.6% during the 2nd quarter. Bank of Montreal Can now owns 24,403 shares of the software maker’s stock valued at $3,321,000 after buying an additional 11,927 shares during the last quarter. Buckhead Capital Management LLC bought a new stake in SPS Commerce in the 2nd quarter valued at about $1,271,000. Johnson Investment Counsel Inc. raised its stake in SPS Commerce by 22.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,792 shares of the software maker’s stock valued at $2,285,000 after acquiring an additional 3,110 shares during the period. Stanley Laman Group Ltd. lifted its holdings in SPS Commerce by 20.6% during the second quarter. Stanley Laman Group Ltd. now owns 28,639 shares of the software maker’s stock valued at $3,897,000 after purchasing an additional 4,886 shares during the last quarter. Finally, EFG Asset Management North America Corp. boosted its position in SPS Commerce by 57.3% during the second quarter. EFG Asset Management North America Corp. now owns 26,857 shares of the software maker’s stock worth $3,658,000 after purchasing an additional 9,780 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on SPSC shares. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target (down previously from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Northland Capmk raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings downgraded SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Robert W. Baird set a $104.00 price target on SPS Commerce in a report on Friday, October 31st. Finally, Morgan Stanley set a $100.00 price objective on SPS Commerce and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $78.03 on Thursday. The company has a market capitalization of $2.94 billion, a PE ratio of 35.79 and a beta of 0.71. SPS Commerce, Inc. has a 52-week low of $73.05 and a 52-week high of $201.06. The business’s fifty day moving average is $100.36 and its 200 day moving average is $120.20.

SPS Commerce (NASDAQ:SPSC) last announced its 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 business had revenue of $189.90 million for the quarter, compared to analyst estimates of $192.68 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal 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.