Riverbridge Partners LLC Sells 47,195 Shares of SPS Commerce, Inc. $SPSC

Riverbridge Partners LLC lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 471,225 shares of the software maker’s stock after selling 47,195 shares during the quarter. Riverbridge Partners LLC owned approximately 1.24% of SPS Commerce worth $49,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPSC. Hardy Reed LLC raised its holdings in SPS Commerce by 2.8% during the 2nd quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock valued at $374,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. raised its position in SPS Commerce by 60.6% during 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. MassMutual Private Wealth & Trust FSB increased its stake in shares of SPS Commerce by 41.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after buying an additional 92 shares during the period. New York State Teachers Retirement System lifted its stake in SPS Commerce by 0.8% in the second quarter. New York State Teachers Retirement System now owns 12,828 shares of the software maker’s stock worth $1,746,000 after acquiring an additional 100 shares during the period. Finally, Maryland State Retirement & Pension System increased its position in SPS Commerce by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 11,161 shares of the software maker’s stock valued at $1,519,000 after purchasing an additional 103 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

SPS Commerce stock opened at $90.57 on Monday. SPS Commerce, Inc. has a one year low of $73.05 and a one year high of $197.59. The business’s fifty day moving average is $90.55 and its 200 day moving average is $110.60. The stock has a market capitalization of $3.42 billion, a PE ratio of 40.61 and a beta of 0.60.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. During the same quarter last year, the firm posted $0.92 EPS. The business’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. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. 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. Cantor Fitzgerald cut shares of SPS Commerce from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $135.00 to $80.00 in a report on Friday, October 31st. Weiss Ratings downgraded shares of SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Finally, Citigroup reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.80.

SPS Commerce Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.