Fort Washington Investment Advisors Inc. OH Increases Stock Position in SPS Commerce, Inc. $SPSC

Fort Washington Investment Advisors Inc. OH lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,932 shares of the software maker’s stock after buying an additional 159 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.34% of SPS Commerce worth $17,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPSC. UMB Bank n.a. increased its stake in SPS Commerce by 60.6% during 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 during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of SPS Commerce by 126.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock worth $30,000 after purchasing an additional 125 shares during the period. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 191 shares during the period. Allworth Financial LP increased its position in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker’s stock valued at $40,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

SPSC has been the subject of several research reports. Cantor Fitzgerald decreased their price objective on shares of SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. DA Davidson restated a “neutral” rating and set a $125.00 target price on shares of SPS Commerce in a report on Thursday. Wall Street Zen cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Sunday. Stifel Nicolaus lowered their price target on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $162.30.

SPS Commerce Price Performance

SPS Commerce stock opened at $106.32 on Monday. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 48.77 and a beta of 0.70. The firm’s fifty day moving average price is $114.27 and its 200 day moving average price is $129.36.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. During the same period in the prior year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. Analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

About SPS Commerce

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.