SPS Commerce, Inc. $SPSC Stock Holdings Raised by Summit Creek Advisors LLC

Summit Creek Advisors LLC increased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,342 shares of the software maker’s stock after purchasing an additional 5,514 shares during the period. SPS Commerce accounts for 2.8% of Summit Creek Advisors LLC’s portfolio, making the stock its 7th biggest position. Summit Creek Advisors LLC’s holdings in SPS Commerce were worth $19,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPSC. UMB Bank n.a. grew its stake in SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the period. NewEdge Advisors LLC grew its stake in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares during the last quarter. Allworth Financial LP grew its stake in shares of SPS Commerce by 296.6% in 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 grew its stake 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 worth $40,000 after acquiring an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after acquiring an additional 92 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPSC shares. Northland Securities set a $109.00 target price on SPS Commerce in a research note on Friday, October 31st. Citigroup cut their target price on SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Robert W. Baird set a $104.00 target price on SPS Commerce in a research note on Friday, October 31st. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and cut their target price for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $110.80.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $81.21 on Thursday. The company has a market cap of $3.06 billion, a P/E ratio of 37.25 and a beta of 0.71. SPS Commerce, Inc. has a 1 year low of $73.05 and a 1 year high of $201.06. The stock’s fifty day moving average price is $106.15 and its 200-day moving average price is $124.17.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company 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. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

SPS Commerce 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.