Yousif Capital Management LLC Acquires 158 Shares of SPS Commerce, Inc. $SPSC

Yousif Capital Management LLC raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,229 shares of the software maker’s stock after acquiring an additional 158 shares during the quarter. Yousif Capital Management LLC’s holdings in SPS Commerce were worth $1,936,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SPSC. Johnson Investment Counsel Inc. bought a new position in shares of SPS Commerce during the 1st quarter worth approximately $1,816,000. Advisor Resource Council bought a new position in shares of SPS Commerce in the first quarter valued at $439,000. Legacy Advisors LLC grew its stake 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 buying an additional 636 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of SPS Commerce by 2.3% in the first quarter. Illinois Municipal Retirement Fund now owns 23,600 shares of the software maker’s stock valued at $3,132,000 after buying an additional 535 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of SPS Commerce by 8.1% in the first quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after buying an additional 124 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Price Performance

SPSC stock opened at $109.05 on Friday. The company has a fifty day moving average price of $109.00 and a two-hundred day moving average price of $126.70. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 50.02 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping 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 firm had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. During the same period in the previous year, the business posted $0.80 earnings per share. The company’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. Research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPSC shares. Cantor Fitzgerald decreased their target price on shares of SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of SPS Commerce in a research note on Wednesday, September 24th. DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of SPS Commerce in a research note on Thursday, September 25th. Loop Capital cut shares of SPS Commerce from a “buy” rating to a “hold” rating and decreased their target price for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and an average target price 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.