Maryland State Retirement & Pension System Reduces Stock Holdings in SPS Commerce, Inc. $SPSC

Maryland State Retirement & Pension System trimmed its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 51.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,450 shares of the software maker’s stock after selling 5,711 shares during the period. Maryland State Retirement & Pension System’s holdings in SPS Commerce were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its holdings in SPS Commerce by 505.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after purchasing an additional 1,110,476 shares in the last quarter. Norges Bank purchased a new stake in shares of SPS Commerce in the 2nd quarter valued at approximately $57,540,000. Disciplined Growth Investors Inc. MN lifted its stake in SPS Commerce by 188.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock worth $57,855,000 after purchasing an additional 277,499 shares in the last quarter. Walleye Capital LLC purchased a new position in SPS Commerce during the 2nd quarter valued at about $20,250,000. Finally, Tran Capital Management L.P. purchased a new position in shares of SPS Commerce in the third quarter valued at approximately $15,370,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. 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. DA Davidson cut their target price on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research report on Friday, October 31st. Northland Securities set a $109.00 price target on shares of SPS Commerce in a report on Friday, October 31st. Finally, Cantor Fitzgerald downgraded SPS Commerce from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $135.00 to $80.00 in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.80.

Insider Buying and Selling at SPS Commerce

In other news, Director Marty M. Reaume sold 1,732 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the sale, the director owned 9,158 shares in the company, valued at approximately $844,917.08. This trade represents a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by insiders.

SPS Commerce Stock Up 1.3%

Shares of SPSC stock opened at $92.28 on Friday. SPS Commerce, Inc. has a fifty-two week low of $73.05 and a fifty-two week high of $197.59. The firm’s 50 day moving average price is $87.43 and its two-hundred day moving average price is $103.31. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 41.38 and a beta of 0.58.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. The business had revenue of $189.90 million for the quarter, compared to the consensus estimate of $192.68 million. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. 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, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

About SPS Commerce

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.