State of New Jersey Common Pension Fund D Trims Stock Holdings in SPS Commerce, Inc. $SPSC

State of New Jersey Common Pension Fund D lowered its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,930 shares of the software maker’s stock after selling 1,083 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SPS Commerce were worth $1,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AlphaQuest LLC grew its holdings in shares of SPS Commerce by 2.5% in the second quarter. AlphaQuest LLC now owns 6,628 shares of the software maker’s stock worth $902,000 after purchasing an additional 159 shares during the last quarter. Alamar Capital Management LLC bought a new stake in shares of SPS Commerce during the second quarter valued at approximately $204,000. First Citizens Bank & Trust Co. purchased a new stake in shares of SPS Commerce in the second quarter valued at approximately $503,000. Ethic Inc. bought a new position in SPS Commerce in the second quarter worth approximately $208,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in SPS Commerce by 3.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,135 shares of the software maker’s stock worth $1,923,000 after purchasing an additional 425 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPSC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research note on Friday. Robert W. Baird set a $104.00 price target on shares of SPS Commerce in a research report on Friday. Citigroup cut their price objective on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson lowered their target price on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One equities research 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 company’s stock. According to MarketBeat, SPS Commerce has an average rating of “Hold” and a consensus target price of $110.80.

SPS Commerce Price Performance

Shares of SPSC stock opened at $82.24 on Monday. The business has a fifty day moving average of $107.99 and a 200 day moving average of $125.14. SPS Commerce, Inc. has a 1 year low of $73.05 and a 1 year high of $201.06. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 37.72 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.14. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $192.68 million. During the same period last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. As a group, equities research analysts expect 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.