Conestoga Capital Advisors LLC Has $133.46 Million Stake in SPS Commerce, Inc. $SPSC

Conestoga Capital Advisors LLC boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,281,511 shares of the software maker’s stock after acquiring an additional 30,769 shares during the quarter. SPS Commerce accounts for 2.1% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 20th largest position. Conestoga Capital Advisors LLC owned approximately 3.38% of SPS Commerce worth $133,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of SPS Commerce during the third quarter worth about $28,000. UMB Bank n.a. boosted its position in SPS Commerce by 60.6% during the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings cut shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Northland Securities set a $109.00 price objective on 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. Northland Capmk raised SPS Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $80.00 price target (down from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SPS Commerce has an average rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Stock Performance

SPS Commerce stock opened at $94.49 on Monday. The stock has a 50-day simple moving average of $85.67 and a 200 day simple moving average of $105.77. The stock has a market capitalization of $3.56 billion, a P/E ratio of 42.37 and a beta of 0.58. SPS Commerce, Inc. has a 52 week low of $73.05 and a 52 week high of $197.59.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.14. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The firm had revenue of $189.90 million for the quarter, compared to analyst estimates of $192.68 million. During the same quarter in the prior year, the company earned $0.92 earnings per share. The business’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 and its Q4 2025 guidance at 0.980-1.020 EPS. Research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Buying and Selling

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the transaction, the director directly owned 9,158 shares in the company, valued at $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by company insiders.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.