Illinois Municipal Retirement Fund Buys 835 Shares of SPS Commerce, Inc. $SPSC

Illinois Municipal Retirement Fund grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,435 shares of the software maker’s stock after purchasing an additional 835 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of SPS Commerce worth $3,325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Profund Advisors LLC increased its position in shares of SPS Commerce by 6.4% during the second quarter. Profund Advisors LLC now owns 1,892 shares of the software maker’s stock valued at $257,000 after buying an additional 114 shares during the period. Zions Bancorporation National Association UT boosted its position in SPS Commerce by 4.5% during the 2nd quarter. Zions Bancorporation National Association UT now owns 17,618 shares of the software maker’s stock valued at $2,398,000 after acquiring an additional 757 shares in the last quarter. Amica Mutual Insurance Co. grew its holdings in shares of SPS Commerce by 20.1% during the 2nd quarter. Amica Mutual Insurance Co. now owns 7,224 shares of the software maker’s stock worth $983,000 after acquiring an additional 1,207 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of SPS Commerce in the 2nd quarter worth approximately $4,767,000. Finally, Marco Investment Management LLC purchased a new position in shares of SPS Commerce in the 2nd quarter valued at approximately $204,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SPSC shares. Citigroup decreased their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Loop Capital downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and dropped their target price for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Northland Capmk raised SPS Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. DA Davidson reduced their target price on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 price target (down from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce has an average rating of “Hold” and an average target price of $106.80.

SPS Commerce Price Performance

Shares of SPSC opened at $82.02 on Thursday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 37.62 and a beta of 0.71. SPS Commerce, Inc. has a one year low of $73.05 and a one year high of $201.06. The business has a fifty day moving average of $103.39 and a 200 day moving average of $122.37.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.14. The business had revenue of $189.90 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $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. Analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

SPS Commerce Company 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.