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Needham reaffirmed its Buy rating on SPS Commerce with a $210 target price, highlighting the company's strong financial health and near-term growth prospects despite a forecasted slowdown in organic revenue growth. The report noted SPS Commerce's strong performance with an 18.78% revenue growth over the last twelve months and a healthy balance sheet. Analysts expect strategic mergers and acquisitions to further bolster the company's platform strategy, leading to more sustainable organic growth.

in.investing.com

Optera's CEO Tim Weiss discusses the challenges and strategies for retailers to decarbonize their supply chains, emphasizing the importance of accurate emissions data and supplier collaboration. He highlights the Retail Sustainability Collective, a partnership between Optera and SPS Commerce, which aims to provide supplier-specific emissions data to retailers.

wwd.com

news - Mar 20, 2025 - 01:54

Sigma Financial Rebrands to ‘Axtella’

Sigma Financial, a broker/dealer network and part of SPS Family, has rebranded to Axtella. The new name reflects the company's core values and strategic positioning in the market. Rob Engle has been appointed as the new Chief Revenue Officer, while Kristi DeLongchamp and Maria Bethel have been promoted to senior vice president roles.

wealthmanagement.com

Montgomery County Commissioner Neil Makhija wrote a letter to Warren Buffett, CEO and Chairman of Berkshire Hathaway, on March 14, 2025, seeking assistance to save jobs at SPS Technologies, a manufacturing company in Montgomery County, PA. The company recently laid off 250 employees, approximately half of its workforce. Makhija suggested using a small portion of Berkshire Hathaway’s $334 billion cash pile to invest in the workers and the community. SPS Communications Director David Dugan stated that the company will compensate employees through May 18, 2025, and will communicate about future employment status. The county will host a job fair for affected workers in April.

glensidelocal.com

Howmet Aerospace's CEO, John Plant, emphasized the company's focus on long-term contracts in response to increased demand for parts following a major fire at SPS Technologies' factory in Pennsylvania. The fire, which occurred in February, highlighted the strained supply chain in the aerospace industry, prompting Howmet to invest in growing its capacity for key customers.

marketscreener.com

    Description

    SPS provides Enterprise Workplace Solutions and Technology Business Solutions to help organizations implement hybrid work concepts and support digital transformation efforts, as self-described.