1,500 Shares in SPS Commerce, Inc. $SPSC Bought by Marco Investment Management LLC

Marco Investment Management LLC bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the software maker’s stock, valued at approximately $204,000.

A number of other hedge funds have also made changes to their positions in SPSC. UMB Bank n.a. raised its stake in shares of SPS Commerce by 60.6% during 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 last quarter. NewEdge Advisors LLC grew its stake in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Allworth Financial LP raised its position in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $40,000 after purchasing an additional 155 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Up 1.9%

Shares of SPS Commerce stock opened at $82.04 on Friday. The business’s fifty day moving average price is $104.98 and its 200 day moving average price is $123.56. SPS Commerce, Inc. has a twelve month low of $73.05 and a twelve month high of $201.06. The stock has a market capitalization of $3.09 billion, a P/E ratio of 37.63 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results 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 company had revenue of $189.90 million during the quarter, compared to analyst estimates 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 was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. As a group, sell-side analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Loop Capital cut shares of SPS Commerce from a “buy” rating to a “hold” rating and decreased their price target for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Cantor Fitzgerald downgraded shares of SPS Commerce from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $135.00 to $80.00 in a research note on Friday, October 31st. Needham & Company LLC restated a “buy” rating and set a $110.00 target price (down previously from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Northland Capmk raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings lowered SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $110.80.

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.