Renaissance Group LLC Buys 11,650 Shares of SPS Commerce, Inc. $SPSC

Renaissance Group LLC lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 30.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,454 shares of the software maker’s stock after buying an additional 11,650 shares during the quarter. Renaissance Group LLC owned approximately 0.13% of SPS Commerce worth $6,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hardy Reed LLC increased its holdings in SPS Commerce by 2.8% in the 2nd quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock valued at $374,000 after acquiring an additional 75 shares during the last quarter. Journey Strategic Wealth LLC grew its position in shares of SPS Commerce by 4.3% during the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker’s stock valued at $255,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of SPS Commerce by 60.6% in the second 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 last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of SPS Commerce by 1.0% in the first quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker’s stock worth $1,230,000 after buying an additional 90 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 in the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings cut SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Citigroup lowered their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a report on Friday, October 31st. Stifel Nicolaus reissued a “hold” rating and set a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research note on Friday, October 31st. Morgan Stanley set a $100.00 price objective on SPS Commerce and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Robert W. Baird set a $104.00 target price on SPS Commerce in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $78.65 on Wednesday. The stock has a 50 day moving average price of $101.01 and a 200 day moving average price of $120.49. SPS Commerce, Inc. has a 52-week low of $73.05 and a 52-week high of $201.06. The firm has a market capitalization of $2.97 billion, a P/E ratio of 36.08 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.14. The business had revenue of $189.90 million during the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. 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, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current 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.