Signaturefd LLC Raises Stake in SPS Commerce, Inc. $SPSC

Signaturefd LLC boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 95.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,411 shares of the software maker’s stock after buying an additional 688 shares during the period. Signaturefd LLC’s holdings in SPS Commerce were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of SPSC. Nuveen LLC purchased a new stake in SPS Commerce in the 1st quarter worth approximately $37,546,000. Fiera Capital Corp purchased a new stake in SPS Commerce in the 1st quarter worth approximately $31,311,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after purchasing an additional 225,848 shares in the last quarter. Granahan Investment Management LLC boosted its position in 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 purchasing an additional 100,748 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in SPS Commerce by 8,580.7% in the 1st quarter. GAMMA Investing LLC now owns 59,463 shares of the software maker’s stock worth $7,893,000 after purchasing an additional 58,778 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $104.51 on Friday. The stock’s fifty day moving average is $111.54 and its two-hundred day moving average is $128.67. The firm has a market capitalization of $3.96 billion, a P/E ratio of 47.94 and a beta of 0.69. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $201.06.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data 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 company had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. 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, equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

SPSC has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a research report on Wednesday, September 24th. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Cantor Fitzgerald cut their price target on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Northland Securities set a $125.00 price target on SPS Commerce in a research note on Tuesday. Finally, Stifel Nicolaus reduced their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.70.

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.