CW Advisors LLC Has $6.65 Million Stock Position in SPS Commerce, Inc. $SPSC

CW Advisors LLC lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 61.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,828 shares of the software maker’s stock after selling 77,379 shares during the period. CW Advisors LLC owned about 0.13% of SPS Commerce worth $6,645,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. NewEdge Advisors LLC boosted its stake in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares during the period. Caitong International Asset Management Co. Ltd grew its position in SPS Commerce by 105.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker’s stock worth $40,000 after purchasing an additional 155 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in SPS Commerce during the 1st quarter valued at $52,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Northland Capmk upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. DA Davidson lowered their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price objective (down previously from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. Finally, Citigroup decreased their target price on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Stock Up 0.1%

NASDAQ SPSC opened at $83.70 on Friday. The stock has a market capitalization of $3.16 billion, a PE ratio of 37.53 and a beta of 0.60. SPS Commerce, Inc. has a 12-month low of $73.05 and a 12-month high of $201.06. The company has a 50 day moving average price of $94.24 and a two-hundred day moving average price of $114.95.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The business had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. During the same quarter last year, the firm earned $0.92 EPS. SPS Commerce’s revenue for the quarter was up 16.0% on a year-over-year basis. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.