We came across a bullish thesis on SPS Commerce, Inc. on Heavy Moat Investments’s Substack. In this article, we will summarize the bulls’ thesis on SPSC. SPS Commerce, Inc.'s share was trading at $89.84 as of December 17th. SPSC’s trailing P/E was 40.11 according to Yahoo Finance. PureStorage (PSTG) Jumps as Earnings, Outlook Impress SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. For more than a decade, SPSC was viewed as a textbook small-cap compounder, c ...