Moving the world of Commerce forward October 2025 Forward-Looking Statements and Non-GAAP Financial Measures *Source: TAM Analysis and Market Penetration Study leveraging US Census NAICS Codes across Retail (42 Wholesalers), Distribution (42 Wholesalers), CPG/Finished Goods (31-33 Manufacturing), Retailers/Stores acting as suppliers (44-45 Retail Trade) as of February 2025. This presentation contains forward-looking statements, including information about management's view of SPS Commerce's future expectati ...

Company delivers 99th consecutive quarter of topline growthThird quarter 2025 revenue grew 16% and recurring revenue grew 18% from the third quarter of 2024Appoints new Chief Commercial Officer as longtime Chief Revenue Officer intends to retireAnnounces new Share Repurchase Program MINNEAPOLIS, Oct. 30, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced financial results for the third quarter ended September 30, 2025. Financial Highli ...

Core Viewpoint - The Alger Weatherbie Specialized Growth Fund's third-quarter 2025 investor letter indicates that while equity markets, particularly the S&P 500 Index, experienced significant growth, the fund's Class A shares underperformed compared to the Russell 2500 Growth Index [1] Company Summary - SPS Commerce, Inc. (NASDAQ:SPSC) is highlighted as a key stock in the fund's portfolio, providing cloud-based supply chain management solutions [2][3] - The stock had a one-month return of 5.62% but saw a significant decline of 36.35% over the past 52 weeks, closing at $109.99 per share with a market capitalization of $4.17 billion as of October 28, 2025 [2] - In the second quarter of 2025, SPS Commerce reported a revenue growth of 22%, reaching $187.4 million, and raised its full-year outlook while also announcing a share repurchase program [3][4] - Despite these positive developments, the company's shares detracted from performance due to management's lowered medium-term organic revenue growth rate, attributed to cautious customer spending and longer decision cycles amid macroeconomic uncertainty [3]

Core Insights - Conestoga Capital Advisors reported that equity markets reached new all-time highs in Q3 2025, but their Small Cap Composite underperformed the Russell 2000 Growth Index, returning -1.4% compared to the Index's 12.2% gain [1] - The gains in the Index were primarily driven by low-quality stocks, particularly unprofitable, high-beta names [1] Company Overview: SPS Commerce, Inc. - SPS Commerce, Inc. provides cloud-based supply chain management solutions and reported a one-month return of 1.74%, but its shares have decreased by 43.44% over the past 52 weeks [2] - As of October 17, 2025, SPS Commerce's stock closed at $109.05, with a market capitalization of $4.134 billion [2] Financial Performance and Outlook - In Q2 2025, SPS Commerce's revenue grew by 22% to $187.4 million, exceeding expectations [4] - Management provided medium-term guidance of "at least" high-single digit revenue growth and margin expansion annually, which surprised some investors [3] - An investor day was held to emphasize the durability of growth and a larger addressable market, but investors are still cautious about the execution and pace of revenue growth [3] Hedge Fund Interest - At the end of Q2 2025, 34 hedge fund portfolios held SPS Commerce, an increase from 31 in the previous quarter [4] - Despite the potential of SPS Commerce as an investment, some analysts believe that certain AI stocks may offer greater upside potential with less downside risk [4]

MINNEAPOLIS, Oct. 16, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the third quarter ended September 30, 2025, after the market close on Thursday, October 30, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes ...

Group 1 - SPS Commerce Inc. is recognized as a promising investment opportunity among beaten-down technology stocks, with a 'Neutral' rating and a price target of $125 set by DA Davidson [1][2] - The company recently held a 2025 Investor Day event, where it shared insights on its product roadmap and generative AI strategy, emphasizing a high single-digit organic growth outlook for the year [2] - SPS Commerce has maintained a strong performance with 98 consecutive quarters of revenue growth, serving over 50,000 recurring revenue customers in the retail grocery distribution, supply, and logistics sector [3][4] Group 2 - SPS Commerce provides cloud-based supply chain solutions that facilitate the automation and simplification of business document exchanges and product data between retailers and suppliers [4] - The company is focused on long-term growth plans to capture a larger share of the expanding total addressable market [2]

Group 1 - The individual investor focuses on managing personal capital accumulated over the years, utilizing a diverse range of investment strategies including fundamental, technical, and momentum investing [1] - The investor aims to leverage the strengths of various investment approaches to refine their investment process [1] - The purpose of writing on Seeking Alpha is to track the performance of investment ideas and connect with like-minded investors [1] Group 2 - There is no stock, option, or similar derivative position held by the analyst in any mentioned companies, nor are there plans to initiate such positions in the near future [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company [2] - Seeking Alpha does not provide recommendations or advice regarding the suitability of investments for particular investors [3]

Core Viewpoint - The article identifies the best beaten-down technology stocks to buy according to analysts, highlighting the resilience of technology stocks despite market headwinds and the potential for further gains driven by interest rate cuts and optimism surrounding artificial intelligence [1][2]. Group 1: Market Context - Technology stocks have shown strong performance, with the NASDAQ 100 rallying 17% year to date despite challenges such as trade wars and monetary policy uncertainty [1]. - The US Federal Reserve's decision to cut interest rates, with potential for two more cuts before year-end, is expected to further boost technology stocks [2]. - Investor sentiment is mixed, with some beginning to hedge against potential market pullbacks as equities reach all-time highs [2][3]. Group 2: Investment Strategy - The article emphasizes the importance of identifying technology stocks that are down more than 30% year to date, focusing on those with an upside potential of over 30% as of September 30 [7][8]. - Hedge fund sentiment is considered a key factor, as replicating top stock picks from successful hedge funds has historically outperformed the market [9]. Group 3: Featured Stocks - **SPS Commerce, Inc. (NASDAQ:SPSC)** - Year to Date Performance: -43.03% - Stock Upside Potential: 35.17% - The company has a strong track record with 98 consecutive quarters of revenue growth and focuses on long-term growth in the retail supply chain cloud services sector [10][11][12]. - **Vertex Inc. (NASDAQ:VERX)** - Year to Date Performance: -53.40% - Stock Upside Potential: 41.23% - Vertex is investing in e-invoicing and artificial intelligence to drive long-term growth, despite facing pressure to lower revenue growth guidance [14][15][16][17].

Core Insights - SPS Commerce, Inc. is identified as an oversold growth stock with a strong position in the retail supply chain network, which provides access to a larger total addressable market supporting sustainable growth [1][3] - The company utilizes network data to enhance sales targeting, which is expected to aid in revenue recovery and increase cross-selling opportunities [2] - Recent acquisitions have improved relationship management, leading to more customer interactions and upselling potential [2] Financial Outlook - The price target for SPS Commerce has been reduced from $173 to $166 due to concerns over slower growth among large customers [1][3] - The analyst anticipates a 2-point annual expansion in EBITDA margin alongside high single-digit revenue growth [3] Business Model - SPS Commerce offers cloud-based supply chain solutions that connect retail partners globally to enhance their operations [3]

Core Viewpoint - The article discusses the positive outlook for the stock market based on recent economic data, particularly focusing on inflation and GDP growth estimates, while also highlighting 12 oversold growth stocks recommended by analysts for potential investment opportunities [2][4][5]. Economic Indicators - The latest PCE report shows year-over-year inflation at 2.9%, aligning with expectations and indicating tame inflation based on month-over-month data [2][3]. - Strong economic indicators, such as a lower trade deficit and increased durable goods orders, have led to raised GDP growth estimates for the third quarter, suggesting decent growth in the mid to high single-digit range [4]. Federal Reserve Insights - The Federal Reserve should focus on underlying inflation driven by real demand rather than inflation influenced by tariffs, which do not reflect strong demand for goods [3]. Stock Recommendations - A list of 12 oversold growth stocks is compiled, which have declined over 30% year-to-date but are expected to have more than 30% upside according to analysts [7]. - The methodology for selecting these stocks includes using the Finviz Stock Screener and cross-referencing data from CNN and hedge fund databases [7][8]. Individual Stock Highlights - **EPAM Systems, Inc. (NYSE:EPAM)**: Year-to-date performance of -34.55% with an analyst upside potential of 41.68%. The company focuses on AI-driven digital experiences and has recently rebranded its digital agency [9][10][11][12]. - **SPS Commerce, Inc. (NASDAQ:SPSC)**: Year-to-date performance of -42.59% with an analyst upside potential of 42.93%. The company is a leader in retail supply chain solutions and is expected to improve revenue recovery through enhanced sales targeting and relationship management [13][14][15][16].