SPS Commerce, Inc. $SPSC Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly reduced its holdings in SPS Commerce, Inc. by 78.1%, now owning 5,641 shares valued at $749,000.
• Several institutional investors increased their positions in SPS Commerce, with Versant Capital Management growing its stake by 4,155.6% during the first quarter.
• SPS Commerce reported better-than-expected earnings with an EPS of $1.00, exceeding the consensus estimate of $0.90, and projected a FY 2025 guidance of 3.990-4.040 EPS.

American Century Companies Inc. lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 78.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,641 shares of the software maker's stock after selling 20,137 shares during the quarter. American Century Companies Inc.'s holdings in SPS Commerce were worth $749,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Conestoga Capital Advisors LLC lifted its position in shares of SPS Commerce by 0.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker's stock worth $167,264,000 after buying an additional 11,590 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SPS Commerce by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 483,654 shares of the software maker's stock valued at $64,195,000 after acquiring an additional 2,238 shares during the period. Fred Alger Management LLC increased its holdings in shares of SPS Commerce by 5.6% in the 4th quarter. Fred Alger Management LLC now owns 481,317 shares of the software maker's stock valued at $88,558,000 after acquiring an additional 25,414 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of SPS Commerce by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker's stock valued at $43,991,000 after acquiring an additional 34,859 shares during the period. Finally, Granahan Investment Management LLC increased its holdings in shares of SPS Commerce by 10.7% in the 4th quarter. Granahan Investment Management LLC now owns 302,920 shares of the software maker's stock valued at $55,734,000 after acquiring an additional 29,274 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

SPSC traded up $1.24 during trading on Friday, hitting $110.60. The stock had a trading volume of 343,815 shares, compared to its average volume of 423,953. The firm has a market capitalization of $4.19 billion, a P/E ratio of 50.73 and a beta of 0.70. The company's 50-day moving average price is $123.44 and its 200 day moving average price is $131.93. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company had revenue of $187.40 million for the quarter, compared to analysts' expectations of $185.88 million. During the same period in the previous year, the company posted $0.80 EPS. SPS Commerce's revenue was up 22.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on SPSC shares. Morgan Stanley cut their target price on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. DA Davidson cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their target price for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Stifel Nicolaus cut their target price on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Needham & Company LLC dropped their price objective on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.