Assenagon Asset Management S.A. Has $9.60 Million Stake in SPS Commerce, Inc. $SPSC

Key Points

• Assenagon Asset Management S.A. increased its stake in SPS Commerce, Inc. by 35.3% in the second quarter, now holding approximately 0.19% of the company valued at $9.60 million.
• SPS Commerce reported a 22.0% year-over-year increase in revenue for the last quarter, with earnings per share beating analysts' expectations at $1.00.
• Investment analysts maintain a consensus rating of "Moderate Buy" for SPS Commerce, with price targets ranging from $120.00 to $175.00.

Assenagon Asset Management S.A. grew its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 35.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,544 shares of the software maker's stock after purchasing an additional 18,420 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.19% of SPS Commerce worth $9,600,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SPS Commerce in the second quarter valued at about $392,000. MassMutual Private Wealth & Trust FSB grew its holdings in SPS Commerce by 41.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker's stock valued at $43,000 after buying an additional 92 shares during the last quarter. Inspire Investing LLC grew its holdings in SPS Commerce by 19.3% in the 1st quarter. Inspire Investing LLC now owns 2,598 shares of the software maker's stock valued at $345,000 after buying an additional 420 shares during the last quarter. Strs Ohio bought a new position in SPS Commerce in the 1st quarter worth approximately $465,000. Finally, Intech Investment Management LLC lifted its holdings in shares of SPS Commerce by 8.0% during the first quarter. Intech Investment Management LLC now owns 23,798 shares of the software maker's stock worth $3,159,000 after buying an additional 1,760 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $107.36 on Wednesday. The stock's fifty day moving average is $116.33 and its 200-day moving average is $129.73. The stock has a market capitalization of $4.07 billion, a PE ratio of 49.25 and a beta of 0.70. SPS Commerce, Inc. has a 52 week low of $102.05 and a 52 week high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. 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, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPSC shares. Stifel Nicolaus lowered their price objective 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 cut their price objective on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from $175.00 to $125.00 in a research note on Thursday, July 31st. Finally, Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $175.00 to $120.00 in a research report 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. Based on data from MarketBeat, the stock currently has a consensus 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.

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