SPS Commerce, Inc. $SPSC Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its stake in SPS Commerce by 49.3%, selling 377,429 shares, and now holds about 1.02% of the company valued at approximately $51.5 million.
• SPS Commerce reported a quarterly earnings of $1.00 EPS, exceeding the analyst estimates of $0.90, with a revenue increase of 22% year-over-year.
• Various institutional investors have shown mixed activity in SPS Commerce, with significant increases from entities like Bank of New York Mellon, which upped its stake by 11.8%.

Ameriprise Financial Inc. lowered its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 49.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388,280 shares of the software maker's stock after selling 377,429 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.02% of SPS Commerce worth $51,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in SPS Commerce by 202.0% during the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock worth $1,046,000 after acquiring an additional 3,801 shares during the period. Dimensional Fund Advisors LP raised its stake in SPS Commerce by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock worth $78,159,000 after acquiring an additional 11,506 shares during the period. MML Investors Services LLC raised its stake in SPS Commerce by 6.8% during the 4th quarter. MML Investors Services LLC now owns 10,097 shares of the software maker's stock worth $1,858,000 after acquiring an additional 647 shares during the period. Hsbc Holdings PLC raised its stake in SPS Commerce by 5.3% during the 4th quarter. Hsbc Holdings PLC now owns 5,729 shares of the software maker's stock worth $1,058,000 after acquiring an additional 288 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in SPS Commerce during the 4th quarter worth approximately $242,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Trading Down 0.6%

NASDAQ:SPSC traded down $0.63 during trading hours on Monday, hitting $110.30. The company had a trading volume of 453,401 shares, compared to its average volume of 479,414. The company has a 50-day moving average of $126.02 and a 200 day moving average of $133.14. The company has a market cap of $4.18 billion, a P/E ratio of 50.60 and a beta of 0.70. SPS Commerce, Inc. has a 1 year low of $102.05 and a 1 year high of $203.86.

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

Analyst Upgrades and Downgrades

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

SPS Commerce Company 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.