Tran Capital Management L.P. Takes $15.37 Million Position in SPS Commerce, Inc. $SPSC

Tran Capital Management L.P. acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 147,591 shares of the software maker’s stock, valued at approximately $15,370,000. SPS Commerce makes up about 1.8% of Tran Capital Management L.P.’s investment portfolio, making the stock its 21st biggest holding. Tran Capital Management L.P. owned approximately 0.39% of SPS Commerce as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of SPS Commerce by 60.6% in the 2nd 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 grew its holdings in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in SPS Commerce during the 3rd quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its position in SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 1.3%

SPSC opened at $92.65 on Thursday. The company has a market cap of $3.49 billion, a P/E ratio of 41.55 and a beta of 0.58. The firm’s 50-day moving average price is $85.63 and its 200-day moving average price is $106.56. SPS Commerce, Inc. has a 52-week low of $73.05 and a 52-week high of $197.59.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.14. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. SPS Commerce’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPSC shares. Stifel Nicolaus reiterated a “hold” rating and set a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. Weiss Ratings cut SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Northland Capmk upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Citigroup decreased their price objective on SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $106.80.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.