US Bancorp DE Has $3.99 Million Stock Position in SPS Commerce, Inc. $SPSC

US Bancorp DE lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 18.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 29,323 shares of the software maker’s stock after selling 6,568 shares during the quarter. US Bancorp DE’s holdings in SPS Commerce were worth $3,991,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Conestoga Capital Advisors LLC raised its holdings in shares of SPS Commerce by 0.9% during 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 purchasing an additional 11,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of SPS Commerce by 34.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock valued at $117,813,000 after purchasing an additional 225,848 shares during the period. Northern Trust Corp raised its holdings in shares of SPS Commerce by 0.7% during the first quarter. Northern Trust Corp now owns 513,370 shares of the software maker’s stock valued at $68,140,000 after purchasing an additional 3,329 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of SPS Commerce by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 483,654 shares of the software maker’s stock valued at $64,195,000 after purchasing an additional 2,238 shares during the period. Finally, Granahan Investment Management LLC raised its holdings in shares of SPS Commerce by 33.3% in the 1st quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker’s stock worth $53,579,000 after acquiring an additional 100,748 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $108.09 on Tuesday. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $201.06. The company has a 50-day simple moving average of $109.00 and a two-hundred day simple moving average of $127.38. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 49.58 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. During the same quarter last year, the business posted $0.80 EPS. SPS Commerce’s quarterly revenue 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. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPSC shares. Loop Capital lowered shares of SPS Commerce from a “buy” rating to a “hold” rating and lowered their target price for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Morgan Stanley lowered their target price on shares of SPS Commerce from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of SPS Commerce in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald lowered their target price on shares of SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $156.70.

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.