SPS Commerce, Inc. $SPSC Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in SPS Commerce, Inc. by 19.4%, now holding 15,747 shares worth approximately $2,041,000 after selling 3,787 shares in the first quarter.
• Other institutional investors have significantly increased their positions in SPS Commerce, with Allworth Financial LP raising their stake by 296.6% during the same period.
• SPS Commerce recently reported $1.00 EPS for the last quarter, exceeding estimates, and its revenue increased by 22.0% year-over-year, indicating strong financial performance.

Amundi cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,747 shares of the software maker's stock after selling 3,787 shares during the period. Amundi's holdings in SPS Commerce were worth $2,041,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Journey Strategic Wealth LLC grew its holdings in SPS Commerce by 4.3% in the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker's stock valued at $255,000 after purchasing an additional 79 shares during the period. Alliance Wealth Advisors LLC UT grew its stake in SPS Commerce by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker's stock valued at $1,230,000 after acquiring an additional 90 shares during the period. Nisa Investment Advisors LLC grew its stake in SPS Commerce by 7.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,391 shares of the software maker's stock valued at $185,000 after acquiring an additional 96 shares during the period. KBC Group NV grew its position in shares of SPS Commerce by 8.1% in the first quarter. KBC Group NV now owns 1,651 shares of the software maker's stock valued at $219,000 after purchasing an additional 124 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after purchasing an additional 125 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPSC has been the topic of several research analyst reports. Loop Capital lowered shares of SPS Commerce from a "buy" rating to a "hold" rating and dropped their target price for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Cantor Fitzgerald assumed coverage on SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price target on the stock. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from $175.00 to $125.00 in a research note on Thursday, July 31st. Finally, Stifel Nicolaus lowered 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. Five investment 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Trading Down 0.7%

NASDAQ SPSC traded down $0.73 on Wednesday, reaching $107.20. 308,106 shares of the company were exchanged, compared to its average volume of 423,293. The business's fifty day moving average price is $118.59 and its 200 day moving average price is $130.39. The stock has a market capitalization of $4.06 billion, a P/E ratio of 49.17 and a beta of 0.70. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $201.06.

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

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.