Caxton Associates LLP Purchases Shares of 14,745 SPS Commerce, Inc. $SPSC

Caxton Associates LLP purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,745 shares of the software maker’s stock, valued at approximately $2,007,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPSC. Public Sector Pension Investment Board raised its stake in SPS Commerce by 7.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 129,429 shares of the software maker’s stock valued at $17,614,000 after acquiring an additional 9,082 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of SPS Commerce by 715.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,271 shares of the software maker’s stock valued at $853,000 after purchasing an additional 5,502 shares during the period. Corient Private Wealth LLC raised its stake in shares of SPS Commerce by 101.3% during the second quarter. Corient Private Wealth LLC now owns 7,340 shares of the software maker’s stock valued at $999,000 after purchasing an additional 3,694 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in SPS Commerce by 4.6% in the second quarter. State of Tennessee Department of Treasury now owns 17,133 shares of the software maker’s stock worth $2,332,000 after purchasing an additional 758 shares during the period. Finally, Captrust Financial Advisors grew its position in SPS Commerce by 11.2% in the 2nd quarter. Captrust Financial Advisors now owns 11,127 shares of the software maker’s stock valued at $1,514,000 after buying an additional 1,122 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $86.23 on Monday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 38.67 and a beta of 0.59. SPS Commerce, Inc. has a 1 year low of $73.05 and a 1 year high of $201.00. The business’s fifty day moving average is $92.33 and its two-hundred day moving average is $112.44.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.14. The business had revenue of $189.90 million during the quarter, compared to analyst estimates of $192.68 million. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The company’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. 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. On average, research 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 a number of recent analyst reports. Morgan Stanley set a $100.00 price target on shares of SPS Commerce and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Stifel Nicolaus reissued a “hold” rating and set a $80.00 target price (down previously from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Robert W. Baird set a $104.00 target price on SPS Commerce in a research report on Friday, October 31st. Weiss Ratings lowered SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Finally, Cantor Fitzgerald downgraded SPS Commerce from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $135.00 to $80.00 in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.