HB Wealth Management LLC Buys New Stake in SPS Commerce, Inc. $SPSC

HB Wealth Management LLC bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,544 shares of the software maker’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in SPS Commerce by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock valued at $43,991,000 after buying an additional 34,859 shares in the last quarter. KBC Group NV raised its holdings in SPS Commerce by 8.1% in the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after acquiring an additional 124 shares during the last quarter. SG Americas Securities LLC acquired a new position in SPS Commerce in the 1st quarter valued at $1,045,000. Royal Bank of Canada raised its holdings in SPS Commerce by 4.8% in the 1st quarter. Royal Bank of Canada now owns 258,395 shares of the software maker’s stock valued at $34,296,000 after acquiring an additional 11,859 shares during the last quarter. Finally, Select Equity Group L.P. raised its holdings in SPS Commerce by 511.3% in the 1st quarter. Select Equity Group L.P. now owns 47,985 shares of the software maker’s stock valued at $6,369,000 after acquiring an additional 40,135 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 2.5%

Shares of SPS Commerce stock opened at $104.59 on Wednesday. The company has a fifty day moving average price of $109.56 and a 200 day moving average price of $128.19. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $201.06. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 47.98 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. During the same period in the prior year, the company earned $0.80 EPS. The firm’s revenue was up 22.0% on a year-over-year basis. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. Analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPSC. Weiss Ratings reiterated a “hold (c-)” rating on shares of SPS Commerce in a report on Saturday, September 27th. DA Davidson reiterated a “neutral” rating and issued a $125.00 price target on shares of SPS Commerce in a report on Thursday, September 25th. Loop Capital downgraded SPS Commerce from a “buy” rating to a “hold” rating and cut their price target for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of SPS Commerce in a report on Wednesday, September 24th. Finally, Stifel Nicolaus cut their price target on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.70.

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.