Walleye Capital LLC Purchases New Position in SPS Commerce, Inc. $SPSC

Walleye Capital LLC purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 148,800 shares of the software maker’s stock, valued at approximately $20,250,000.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of SPS Commerce by 60.6% during the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the period. NewEdge Advisors LLC boosted its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in 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 valued at $40,000 after purchasing an additional 155 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in SPS Commerce by 41.1% in the 2nd 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, SVB Wealth LLC purchased a new stake in shares of SPS Commerce in the 1st quarter worth about $52,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $83.63 on Friday. The company has a 50 day simple moving average of $94.69 and a two-hundred day simple moving average of $115.40. SPS Commerce, Inc. has a fifty-two week low of $73.05 and a fifty-two week high of $201.06. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 37.50 and a beta of 0.60.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly 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. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. On average, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley set a $100.00 price target on shares of SPS Commerce and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Robert W. Baird set a $104.00 target price on SPS Commerce in a report on Friday, October 31st. Citigroup decreased their target price on SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald lowered SPS Commerce from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $135.00 to $80.00 in a research report on Friday, October 31st. Finally, Northland Capmk raised SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.80.

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.