Callan Family Office LLC Purchases Shares of 3,801 SPS Commerce, Inc. $SPSC

Callan Family Office LLC purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,801 shares of the software maker’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of SPS Commerce in the first quarter valued at about $1,045,000. Conestoga Capital Advisors LLC increased its position in shares of SPS Commerce by 0.9% in the first quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker’s stock valued at $167,264,000 after acquiring an additional 11,590 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new stake in shares of SPS Commerce in the first quarter valued at about $1,816,000. Advisor Resource Council acquired a new stake in shares of SPS Commerce in the first quarter valued at about $439,000. Finally, Legacy Advisors LLC increased its position in shares of SPS Commerce by 21.9% in the first quarter. Legacy Advisors LLC now owns 3,539 shares of the software maker’s stock valued at $470,000 after acquiring an additional 636 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $140.00 target price (down previously from $170.00) on shares of SPS Commerce in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of SPS Commerce in a research report on Wednesday, September 24th. Loop Capital downgraded SPS Commerce from a “buy” rating to a “hold” rating and lowered their target price for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SPS Commerce in a research report on Wednesday, October 8th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $125.00 target price on shares of SPS Commerce in a research report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, SPS Commerce presently has an average rating of “Hold” and an average price target of $153.70.

SPS Commerce Stock Up 1.1%

Shares of NASDAQ SPSC opened at $109.26 on Wednesday. The business’s 50 day moving average price is $109.01 and its two-hundred day moving average price is $127.25. The company has a market cap of $4.14 billion, a PE ratio of 50.12 and a beta of 0.69. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $201.06.

SPS Commerce (NASDAQ:SPSC) last announced 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. The firm had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS 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.