SPS Commerce, Inc. $SPSC Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP cut its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 16.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,355 shares of the software maker’s stock after selling 7,294 shares during the quarter. SPS Commerce comprises 1.4% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 13th largest position. Advantage Alpha Capital Partners LP owned 0.10% of SPS Commerce worth $5,220,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB raised its position in shares of SPS Commerce by 505.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after purchasing an additional 1,110,476 shares during the last quarter. Nuveen LLC purchased a new stake in SPS Commerce in the first quarter valued at approximately $37,546,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of SPS Commerce by 34.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after acquiring an additional 225,848 shares during the period. Granahan Investment Management LLC grew its position in SPS Commerce by 33.3% during 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 during the period. Finally, Geneva Capital Management LLC boosted its stake in shares of SPS Commerce by 7.5% in the second quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after buying an additional 43,330 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPS Commerce stock opened at $82.31 on Friday. The company’s fifty day moving average price is $97.17 and its 200 day moving average price is $117.77. SPS Commerce, Inc. has a 1 year low of $73.05 and a 1 year high of $201.06. The stock has a market capitalization of $3.10 billion, a P/E ratio of 37.76 and a beta of 0.71.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPSC. Morgan Stanley set a $100.00 price target on SPS Commerce and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 target price (down from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. DA Davidson lowered their price target on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Northland Capmk upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective (down previously from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.80.

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.