Inspire Advisors LLC Has $632,000 Position in SPS Commerce, Inc. $SPSC

Inspire Advisors LLC lifted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 24.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,646 shares of the software maker’s stock after buying an additional 919 shares during the period. Inspire Advisors LLC’s holdings in SPS Commerce were worth $632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB lifted its stake in SPS Commerce by 505.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after acquiring an additional 1,110,476 shares in the last quarter. Nuveen LLC acquired a new position in shares of SPS Commerce in the 1st quarter valued at about $37,546,000. Fiera Capital Corp purchased a new stake in shares of SPS Commerce in the first quarter worth approximately $31,311,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of SPS Commerce by 34.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after purchasing an additional 225,848 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its holdings in shares of SPS Commerce by 33.3% during the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker’s stock worth $53,579,000 after purchasing an additional 100,748 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Northland Capmk upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Morgan Stanley set a $100.00 price target on shares of SPS Commerce and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald lowered SPS Commerce from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $135.00 to $80.00 in a report on Friday, October 31st. Finally, Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and reduced their price objective for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SPS Commerce presently has a consensus rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Stock Down 1.6%

Shares of SPSC opened at $78.65 on Wednesday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 36.08 and a beta of 0.71. The company’s fifty day moving average is $101.01 and its 200-day moving average is $120.49. SPS Commerce, Inc. has a 12 month low of $73.05 and a 12 month high of $201.06.

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. The business had revenue of $189.90 million during the quarter, compared to analyst estimates of $192.68 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. SPS Commerce’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. As a group, research analysts predict 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.