Hilltop National Bank Acquires New Shares in SPS Commerce, Inc. $SPSC

Hilltop National Bank purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 896 shares of the software maker’s stock, valued at approximately $122,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPSC. Journey Strategic Wealth LLC increased 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 acquiring an additional 79 shares during the last quarter. UMB Bank n.a. increased its holdings in SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its position in 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 valued at $1,230,000 after purchasing an additional 90 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in SPS Commerce by 41.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of SPS Commerce by 7.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,391 shares of the software maker’s stock worth $185,000 after buying an additional 96 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPSC has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a report on Wednesday, September 24th. Northland Securities set a $125.00 price target on shares of SPS Commerce in a research report on Tuesday. Loop Capital lowered shares of SPS Commerce from a “buy” rating to a “hold” rating and lowered their price objective for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. DA Davidson reiterated a “neutral” rating and set a $125.00 target price on shares of SPS Commerce in a report on Thursday, September 25th. Finally, Stifel Nicolaus lowered their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, SPS Commerce presently has an average rating of “Hold” and an average price target of $156.70.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $105.93 on Friday. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $201.06. The stock has a market cap of $4.02 billion, a P/E ratio of 48.59 and a beta of 0.69. The firm has a fifty day moving average price of $110.93 and a 200 day moving average price of $128.51.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results 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 business had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. During the same period in the prior year, the company earned $0.80 earnings per share. The business’s 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. Sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS 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.