SPS Commerce, Inc. $SPSC Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,828 shares of the software maker’s stock after purchasing an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in SPS Commerce were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SPSC. Envestnet Portfolio Solutions Inc. grew its holdings in SPS Commerce by 14.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,347 shares of the software maker’s stock worth $592,000 after acquiring an additional 560 shares during the period. Yousif Capital Management LLC increased its holdings in shares of SPS Commerce by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 14,229 shares of the software maker’s stock valued at $1,936,000 after purchasing an additional 158 shares in the last quarter. CWM LLC lifted its stake in shares of SPS Commerce by 120.4% in the 2nd quarter. CWM LLC now owns 1,589 shares of the software maker’s stock valued at $216,000 after purchasing an additional 868 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of SPS Commerce by 43.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,550 shares of the software maker’s stock valued at $1,300,000 after purchasing an additional 2,890 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its holdings in SPS Commerce by 22.7% during the second quarter. Johnson Investment Counsel Inc. now owns 16,792 shares of the software maker’s stock worth $2,285,000 after buying an additional 3,110 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC opened at $113.04 on Wednesday. The stock has a 50 day moving average price of $109.22 and a 200 day moving average price of $126.47. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 51.85 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $185.88 million. During the same quarter in the previous year, the company posted $0.80 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. 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, analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Northland Securities set a $125.00 price objective on shares of SPS Commerce in a research report on Tuesday, September 30th. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and reduced their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of SPS Commerce in a research report on Wednesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $160.00 target price on shares of SPS Commerce in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $153.70.

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.