SPS Commerce (SPSC)

• Market cap: $4.65B
• 1 day: -2.71%
• 5 days: -6.76%
• 1 month: -17.14%
• 3 months: -36.04%
• 6 months: -36.19%
• Year to date: -32.69%
• 1 year: -32.94%
• 5 years: 172.29%
• 10 years: 259.06%
• 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 subscription-based recurring revenue services.

Employees: 2,783

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

69% more call options, than puts

Call options by funds: $18M | Put options by funds: $10.7M

1.32% more ownership

Funds ownership: 98.88% [Q3] → 100.2% (+1.32%) [Q4]

8% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 50

1% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 174

0% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 4 (+0) [Q4]

3% less capital invested

Capital invested by funds: $7.11B [Q3] → $6.93B (-$181M) [Q4]

1% less funds holding

Funds holding: 456 [Q3] → 450 (-6) [Q4]

Research analyst outlook

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

• Low target: $175 42% upside
• Avg. target: $196 59% upside
• High target: $233 89% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Stifel Parker Lane 35% 1-year accuracy 17 / 48 met price target	63% upside $200	Buy Maintained	11 Feb 2025
Baird Joe Vruwink 26% 1-year accuracy 11 / 43 met price target	42% upside $175	Neutral Maintained	11 Feb 2025
Piper Sandler Quinton Gabrielli 0% 1-year accuracy 0 / 2 met price target	42% upside $175	Neutral Maintained	11 Feb 2025
Northland Capital Markets Nehal Chokshi 13% 1-year accuracy 2 / 15 met price target	47% upside $181	Market Perform Reiterated	11 Feb 2025
Needham Scott Berg 23% 1-year accuracy 38 / 162 met price target	71% upside $210	Buy Maintained	11 Feb 2025