SG Americas Securities LLC Has $1.36 Million Position in SPS Commerce, Inc. $SPSC

SG Americas Securities LLC raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 196.3% in the third quarter, Holdings Channel reports. The fund owned 13,023 shares of the software maker’s stock after acquiring an additional 8,628 shares during the period. SG Americas Securities LLC’s holdings in SPS Commerce were worth $1,356,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in SPS Commerce by 39.9% during the 1st 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. AQR Capital Management LLC increased its holdings in shares of SPS Commerce by 2.0% during the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after buying an additional 275 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPS Commerce by 545.7% during 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 in the last quarter. Strs Ohio bought a new position in shares of SPS Commerce in the first quarter valued at approximately $465,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of SPS Commerce by 41.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of recent analyst reports. Weiss Ratings cut SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price (down from $160.00) on shares of SPS Commerce in a research note on Friday, October 31st. Citigroup reduced their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Cantor Fitzgerald cut shares of SPS Commerce from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $135.00 to $80.00 in a research report on Friday, October 31st. Finally, Robert W. Baird set a $104.00 target price 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 assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.80.

SPS Commerce Stock Down 1.3%

Shares of SPSC stock opened at $90.07 on Friday. The stock has a 50-day moving average price of $86.72 and a 200 day moving average price of $104.70. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 40.39 and a beta of 0.58. SPS Commerce, Inc. has a 12 month low of $73.05 and a 12 month high of $197.59.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue 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. Sell-side analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of SPS Commerce stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the completion of the sale, the director owned 9,158 shares of the company’s stock, valued at approximately $844,917.08. The trade was a 15.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

About SPS Commerce

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.