Whittier Trust Co. Acquires 393 Shares of SPS Commerce, Inc. $SPSC

Whittier Trust Co. lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,698 shares of the software maker’s stock after purchasing an additional 393 shares during the period. Whittier Trust Co. owned about 0.07% of SPS Commerce worth $3,497,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 80 shares during the period. NewEdge Advisors LLC increased its position in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the last quarter. Allworth Financial LP increased its position in SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position 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 worth $40,000 after buying an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after buying an additional 92 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $113.04 on Wednesday. The stock has a market cap of $4.29 billion, a PE ratio of 51.85 and a beta of 0.69. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $201.06. The stock has a fifty day moving average of $109.22 and a 200-day moving average of $126.47.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cantor Fitzgerald decreased their target price on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Northland Securities set a $125.00 target price on SPS Commerce in a research report on Tuesday, September 30th. Stifel Nicolaus decreased their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of SPS Commerce in a research report on Thursday, September 25th. Finally, Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $153.70.

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.