Y Intercept Hong Kong Ltd Invests $2.73 Million in SPS Commerce, Inc. $SPSC

Y Intercept Hong Kong Ltd acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,034 shares of the software maker’s stock, valued at approximately $2,726,000. Y Intercept Hong Kong Ltd owned 0.05% of SPS Commerce as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. NewEdge Advisors LLC raised its stake in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the period. Allworth Financial LP raised its stake in shares of SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after buying an additional 175 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker’s stock worth $40,000 after buying an additional 155 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after buying an additional 92 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPSC. Weiss Ratings cut SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and cut their target price for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Morgan Stanley reissued an “overweight” rating and issued a $140.00 target price (down previously from $170.00) on shares of SPS Commerce in a report on Tuesday, October 14th. DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of SPS Commerce in a report on Thursday, September 25th. Finally, Northland Securities set a $125.00 target price on shares of SPS Commerce in a report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $153.70.

SPS Commerce Price Performance

NASDAQ SPSC opened at $103.89 on Friday. The stock has a market capitalization of $3.94 billion, a PE ratio of 47.66 and a beta of 0.69. The business has a 50 day simple moving average of $108.66 and a two-hundred day simple moving average of $125.54. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.14. The business had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $192.68 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $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, analysts anticipate 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.