Hilltop National Bank Makes New Investment in SPS Commerce, Inc. $SPSC

Hilltop National Bank bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, HoldingsChannel reports. The fund bought 896 shares of the software maker’s stock, valued at approximately $122,000.

Other large investors have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its holdings in SPS Commerce by 0.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker’s stock valued at $167,264,000 after purchasing an additional 11,590 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake 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 valued at $117,813,000 after buying an additional 225,848 shares in the last quarter. Northern Trust Corp grew its holdings in SPS Commerce by 0.7% during the first quarter. Northern Trust Corp now owns 513,370 shares of the software maker’s stock worth $68,140,000 after acquiring an additional 3,329 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in SPS Commerce by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 483,654 shares of the software maker’s stock worth $64,195,000 after acquiring an additional 2,238 shares during the period. Finally, Granahan Investment Management LLC raised its position in SPS Commerce by 33.3% in the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker’s stock worth $53,579,000 after acquiring an additional 100,748 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Northland Securities set a $125.00 target price on shares of SPS Commerce in a research report on Tuesday. DA Davidson reissued a “neutral” rating and set a $125.00 price objective on shares of SPS Commerce in a report on Thursday, September 25th. Morgan Stanley dropped their target price on shares of SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Stifel Nicolaus decreased their price target on SPS Commerce from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, SPS Commerce presently has a consensus rating of “Hold” and an average target price of $156.70.

SPS Commerce Trading Up 1.4%

Shares of NASDAQ:SPSC opened at $105.93 on Friday. The stock’s 50-day moving average price is $110.93 and its two-hundred day moving average price is $128.51. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 48.59 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS 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 the consensus estimate of $185.88 million. During the same quarter in the prior year, the company posted $0.80 EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

SPS Commerce Profile

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.