Amundi Decreases Stock Position in SPS Commerce, Inc. $SPSC

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 SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities & 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after buying an additional 125 shares in the last quarter. Allworth Financial LP raised its position in shares of SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after purchasing an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of SPS Commerce by 105.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock worth $40,000 after purchasing an additional 155 shares during the last quarter. Versant Capital Management Inc raised its position in shares of SPS Commerce by 4,155.6% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after purchasing an additional 374 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of SPS Commerce during the 1st quarter worth approximately $52,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 1.8%

Shares of NASDAQ SPSC opened at $112.35 on Friday. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $201.06. The firm has a fifty day moving average of $121.20 and a 200-day moving average of $131.17. The stock has a market capitalization of $4.26 billion, a PE ratio of 51.54 and a beta of 0.70.

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 during the quarter, compared to analysts' expectations of $185.88 million. During the same period in the previous year, the company earned $0.80 EPS. The business's quarterly 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. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPSC. Needham & Company LLC cut their price objective 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. Morgan Stanley lowered their price target on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective for the company. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Loop Capital downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating and reduced their price objective for the company from $175.00 to $120.00 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.

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