SPS Commerce (SPSC)

• Market cap: $7.07B
• 1 day: -1.04%
• 5 days: -1.56%
• 1 month: 4.70%
• 3 months: -3.59%
• 6 months: 3.54%
• Year to date: 2.18%
• 1 year: -0.62%
• 5 years: 229.40%
• 10 years: 561.00%
• Sector: Information Technology
• Industry: Prepackaged Software

About: SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.

Employees: 2,489

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

56% more call options, than puts

Call options by funds: $1.67M | Put options by funds: $1.07M

23% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 40

2% more funds holding

Funds holding: 444 [Q2] → 453 (+9) [Q3]

0% more capital invested

Capital invested by funds: $7.02B [Q2] → $7.05B (+$26.5M) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 174

3.1% less ownership

Funds ownership: 101.16% [Q2] → 98.07% (-3.1%) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $188 0% upside
• Avg. target: $217 15% upside
• High target: $250 33% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Piper Sandler Quinton Gabrielli 0% 1-year accuracy 0 / 1 met price target	5% upside $198	Neutral Initiated	25 Nov 2024
Baird Joe Vruwink 50% 1-year accuracy 21 / 42 met price target	0% downside $188	Neutral Maintained	28 Oct 2024
Stifel Parker Lane 66% 1-year accuracy 31 / 47 met price target	33% upside $250	Buy Maintained	25 Oct 2024
Needham Scott Berg 62% 1-year accuracy 93 / 149 met price target	22% upside $230	Buy Reiterated	25 Oct 2024