SPS Commerce, Inc. $SPSC Shares Bought by Fenimore Asset Management Inc

Fenimore Asset Management Inc grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 17.8% during the third quarter, Holdings Channel.com reports. The firm owned 145,888 shares of the software maker’s stock after acquiring an additional 22,036 shares during the period. Fenimore Asset Management Inc’s holdings in SPS Commerce were worth $15,193,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hardy Reed LLC increased its holdings in SPS Commerce by 2.8% in the second 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. increased its holdings in shares of SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. New York State Teachers Retirement System increased 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 valued at $1,746,000 after purchasing an additional 100 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in SPS Commerce by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 11,161 shares of the software maker’s stock worth $1,519,000 after purchasing an additional 103 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Down 1.9%

NASDAQ SPSC opened at $89.13 on Thursday. The firm has a market cap of $3.36 billion, a P/E ratio of 39.97 and a beta of 0.60. SPS Commerce, Inc. has a 52-week low of $73.05 and a 52-week high of $197.59. The business’s 50-day moving average price is $87.62 and its 200 day moving average price is $108.09.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, beating 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 firm had revenue of $189.90 million during the quarter, compared to the consensus estimate of $192.68 million. During the same period in the prior year, the business earned $0.92 EPS. The firm’s 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, analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SPSC shares. Northland Capmk upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Northland Securities set a $109.00 price objective on SPS Commerce in a report on Friday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price (down from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. Finally, Weiss Ratings cut SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and a consensus target price of $106.80.

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.