Y Intercept Hong Kong Ltd Invests $2.73 Million in SPS Commerce, Inc. $SPSC

Y Intercept Hong Kong Ltd bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 20,034 shares of the software maker’s stock, valued at approximately $2,726,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of SPS Commerce by 60.6% in the 2nd 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 period. NewEdge Advisors LLC lifted its stake in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares during the last quarter. Allworth Financial LP lifted its stake in shares of SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of SPS Commerce by 105.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker’s stock worth $40,000 after acquiring an additional 155 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of SPS Commerce by 41.1% during 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 during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SPSC shares. Cantor Fitzgerald decreased their target price on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $140.00 target price (down from $170.00) on shares of SPS Commerce in a research report on Tuesday, October 14th. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. DA Davidson reaffirmed a “neutral” rating and set a $125.00 target price on shares of SPS Commerce in a research report on Thursday, September 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of SPS Commerce in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $153.70.

SPS Commerce Trading Down 1.2%

SPSC opened at $103.89 on Friday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 47.66 and a beta of 0.69. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The stock has a fifty day moving average price of $108.66 and a 200-day moving average price of $125.54.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, topping the consensus estimate of $0.99 by $0.14. The firm had revenue of $189.90 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.92 EPS. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. On average, equities research 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.