Summit Creek Advisors LLC Sells 11,507 Shares of SPS Commerce, Inc. $SPSC

Summit Creek Advisors LLC decreased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,835 shares of the software maker’s stock after selling 11,507 shares during the period. SPS Commerce comprises about 2.0% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Summit Creek Advisors LLC owned 0.36% of SPS Commerce worth $14,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nordea Investment Management AB grew its position in SPS Commerce by 505.3% in the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock worth $177,587,000 after acquiring an additional 1,110,476 shares in the last quarter. Geode Capital Management LLC lifted its stake in SPS Commerce by 1.2% during the second quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after purchasing an additional 12,046 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of SPS Commerce by 7.5% in the 2nd quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after purchasing an additional 43,330 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of SPS Commerce by 14.6% in the 2nd quarter. Bank of America Corp DE now owns 425,573 shares of the software maker’s stock worth $57,916,000 after purchasing an additional 54,192 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of SPS Commerce by 188.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock valued at $57,855,000 after purchasing an additional 277,499 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 research firms recently weighed in on SPSC. Northland Securities set a $109.00 target price on SPS Commerce in a research report on Friday, October 31st. Citigroup decreased their price target on shares of SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective (down from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. DA Davidson reduced 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. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 target price (down previously from $150.00) on shares of SPS Commerce in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SPS Commerce presently has an average rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $94.49 on Monday. SPS Commerce, Inc. has a fifty-two week low of $73.05 and a fifty-two week high of $197.59. The firm has a market cap of $3.56 billion, a PE ratio of 42.37 and a beta of 0.58. The business has a 50 day moving average price of $85.67 and a 200-day moving average price of $105.77.

SPS Commerce (NASDAQ:SPSC) last issued its 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 company 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 firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. 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. Research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity 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 shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the completion of the sale, the director directly owned 9,158 shares in the company, valued at approximately $844,917.08. This represents a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

SPS Commerce Company 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.