GAMMA Investing LLC Has $117,000 Stake in SPS Commerce, Inc. $SPSC

GAMMA Investing LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 91.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 859 shares of the software maker’s stock after buying an additional 411 shares during the quarter. GAMMA Investing LLC’s holdings in SPS Commerce were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted 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 valued at $29,000 after buying an additional 80 shares during the period. Assenagon Asset Management S.A. lifted its stake in SPS Commerce by 35.3% in the second quarter. Assenagon Asset Management S.A. now owns 70,544 shares of the software maker’s stock valued at $9,600,000 after buying an additional 18,420 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in SPS Commerce in the second quarter valued at about $392,000. MassMutual Private Wealth & Trust FSB lifted its stake in SPS Commerce by 41.1% in the second 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 period. Finally, Inspire Investing LLC lifted its stake in SPS Commerce by 19.3% in the first quarter. Inspire Investing LLC now owns 2,598 shares of the software maker’s stock valued at $345,000 after buying an additional 420 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SPSC. Northland Securities set a $125.00 target price on SPS Commerce in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price target on shares of SPS Commerce in a research report on Wednesday, September 24th. Loop Capital lowered SPS Commerce from a “buy” rating to a “hold” rating and dropped their price target for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Cantor Fitzgerald dropped their price target on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Finally, Stifel Nicolaus dropped their price target on SPS Commerce from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.70.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $103.37 on Thursday. The company has a market cap of $3.92 billion, a PE ratio of 47.42 and a beta of 0.69. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $201.06. The stock has a 50-day simple moving average of $112.21 and a 200 day simple moving average of $128.84.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business’s revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. 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, research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.