Whittier Trust Co. of Nevada Inc. Purchases 425 Shares of SPS Commerce, Inc. $SPSC

Whittier Trust Co. of Nevada Inc. raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,135 shares of the software maker’s stock after acquiring an additional 425 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in SPS Commerce were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SPSC. Nordea Investment Management AB grew its holdings in SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after purchasing an additional 1,110,476 shares during the period. Nuveen LLC bought a new position in shares of SPS Commerce in the first quarter worth $37,546,000. Fiera Capital Corp bought a new position in shares of SPS Commerce in the first quarter worth $31,311,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of SPS Commerce by 34.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after acquiring an additional 225,848 shares during the period. Finally, Granahan Investment Management LLC boosted its holdings in shares of SPS Commerce by 33.3% in the first 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 period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $113.04 on Wednesday. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $201.06. The company has a market capitalization of $4.29 billion, a PE ratio of 51.85 and a beta of 0.69. The business’s fifty day moving average is $109.22 and its 200 day moving average is $126.47.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPSC. Loop Capital lowered SPS Commerce from a “buy” rating to a “hold” rating and cut their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price target on shares of SPS Commerce in a report on Thursday, September 25th. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SPS Commerce in a report on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $140.00 price target (down from $170.00) on shares of SPS Commerce in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, SPS Commerce has an average rating of “Hold” and an average target price of $153.70.

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.