Technology Sector Ideas

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SPS Commerce, Inc. (NASDAQ:SPSC) - >>> Number of Hedge Fund Holders: 19


https://www.insidermonkey.com/blog/12-high-growth-software-stocks-that-are-profitable-1122091/


Cloud-based supply chain management software company SPS Commerce, Inc. (NASDAQ:SPSC) ranks 10th in our list of high growth software stocks that are profitable. On a year-to-date basis SPS Commerce, Inc. (NASDAQ:SPSC) has gained about 18% through February 16. Earlier this month, SPS Commerce, Inc. (NASDAQ:SPSC) reported its fourth-quarter results, according to which it saw revenue growth of about 19% in the period. SPS Commerce, Inc. (NASDAQ:SPSC)’s revenue of $122 million beat analyst estimates by $1.22 million. Adjusted EPS in the quarter was $0.63, beating forecasts by $0.09.

Adjusted EBITDA in the period jumped 26% to $35.0 million compared to the year-ago period.

At the end of the third quarter of 2022, 19 hedge funds in Insider Monkey’s database of hedge funds had stakes in SPS Commerce, Inc. (NASDAQ:SPSC).

Conestoga Capital Advisors made the following comment about SPS Commerce, Inc. (NASDAQ:SPSC) in its Q3 2022 investor letter:

“SPS Commerce, Inc. (NASDAQ:SPSC): SPSC has benefitted from being truly omni-channel and agnostic to where people shop. This contrasts with some software peers that derive revenue just online channels. SPSC beat revenue and earnings expectations for the second quarter and increased their full year guidance. Strength was broad-based with fulfillment consistent with 17% growth and analytics growth accelerating to 12%. SPSC is also benefiting from the industry looking to streamline supply chains and from digital transformations.”

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