SPS Commerce, Inc. $SPSC Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 21.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,017 shares of the software maker’s stock after buying an additional 717 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SPS Commerce were worth $547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Precision Wealth Strategies LLC increased its stake in SPS Commerce by 14.1% during the second quarter. Precision Wealth Strategies LLC now owns 2,378 shares of the software maker’s stock worth $324,000 after acquiring an additional 294 shares during the last quarter. Truist Financial Corp increased its stake in SPS Commerce by 1.7% during the second quarter. Truist Financial Corp now owns 10,715 shares of the software maker’s stock worth $1,458,000 after acquiring an additional 175 shares during the last quarter. HB Wealth Management LLC acquired a new stake in SPS Commerce during the second quarter worth $210,000. Janney Montgomery Scott LLC increased its stake in SPS Commerce by 12.8% during the second quarter. Janney Montgomery Scott LLC now owns 1,980 shares of the software maker’s stock worth $269,000 after acquiring an additional 224 shares during the last quarter. Finally, Signaturefd LLC increased its stake in SPS Commerce by 95.2% during the second quarter. Signaturefd LLC now owns 1,411 shares of the software maker’s stock worth $192,000 after acquiring an additional 688 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SPSC shares. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of SPS Commerce in a research note on Thursday, September 25th. Morgan Stanley dropped their price objective on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and dropped their price objective for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Northland Securities set a $125.00 price objective on SPS Commerce in a research note on Tuesday, September 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price objective on shares of SPS Commerce in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $156.70.

SPS Commerce Trading Down 0.9%

NASDAQ:SPSC opened at $106.89 on Friday. The firm has a market cap of $4.05 billion, a PE ratio of 49.03 and a beta of 0.69. The stock has a fifty day moving average price of $108.98 and a 200 day moving average price of $127.67. SPS Commerce, Inc. has a 12-month low of $102.05 and a 12-month high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.SPS Commerce’s revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. Equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current 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.