Quantbot Technologies LP Boosts Holdings in SPS Commerce, Inc. $SPSC

Quantbot Technologies LP raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 125.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 26,154 shares of the software maker’s stock after acquiring an additional 14,567 shares during the quarter. Quantbot Technologies LP’s holdings in SPS Commerce were worth $3,559,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Bank of Montreal Can raised its holdings in shares of SPS Commerce by 95.6% in the second quarter. Bank of Montreal Can now owns 24,403 shares of the software maker’s stock worth $3,321,000 after buying an additional 11,927 shares during the last quarter. Buckhead Capital Management LLC purchased a new stake in shares of SPS Commerce during the second quarter valued at $1,271,000. Johnson Investment Counsel Inc. increased its position in shares of 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. raised its stake in SPS Commerce by 20.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 28,639 shares of the software maker’s stock worth $3,897,000 after acquiring an additional 4,886 shares during the last quarter. Finally, Ethic Inc. purchased a new position in SPS Commerce in the 2nd quarter worth $208,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Up 0.2%

SPS Commerce stock opened at $83.63 on Friday. The business’s 50-day moving average price is $94.69 and its 200 day moving average price is $115.40. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 37.50 and a beta of 0.60. SPS Commerce, Inc. has a 52 week low of $73.05 and a 52 week high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, topping the consensus estimate 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 12.17% and a net margin of 11.65%.The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. Equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SPSC. Stifel Nicolaus reiterated a “hold” rating and set a $80.00 price target (down previously from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings downgraded shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target (down from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Finally, Northland Capmk upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.80.

About SPS Commerce

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.