Axiom Investors LLC DE Sells 54,511 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Axiom Investors LLC DE significantly reduced its stake in SPS Commerce, Inc. by 61.4%, leaving the firm with 34,272 shares valued at approximately $4.5 million.
• Multiple institutional investors have increased their holdings in SPS Commerce, with Versant Capital Management Inc raising its stake by a remarkable 4,155.6%.
• Analysts have adjusted their ratings and target prices for SPS Commerce, with a consensus average target price now sitting at $165.80, indicating a shift to a "Moderate Buy" rating.

Axiom Investors LLC DE reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 61.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 34,272 shares of the software maker's stock after selling 54,511 shares during the quarter. Axiom Investors LLC DE owned approximately 0.09% of SPS Commerce worth $4,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its holdings in shares of SPS Commerce by 6.3% during the fourth quarter. Benjamin Edwards Inc. now owns 2,246 shares of the software maker's stock worth $413,000 after buying an additional 134 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SPS Commerce by 0.4% during the fourth quarter. Bank of America Corp DE now owns 300,269 shares of the software maker's stock worth $55,246,000 after buying an additional 1,224 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of SPS Commerce by 96.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 161,954 shares of the software maker's stock worth $29,798,000 after buying an additional 79,540 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of SPS Commerce by 19.1% during the fourth quarter. Deutsche Bank AG now owns 73,162 shares of the software maker's stock worth $13,461,000 after buying an additional 11,730 shares during the last quarter. Finally, Group One Trading LLC acquired a new position in shares of SPS Commerce during the fourth quarter worth approximately $102,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SPSC. Cantor Fitzgerald began coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target for the company. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their price target for the stock from $175.00 to $125.00 in a report on Thursday, July 31st. Loop Capital lowered SPS Commerce from a "buy" rating to a "hold" rating and cut their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Morgan Stanley lowered their price objective on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Finally, Stifel Nicolaus lowered their price objective on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Price Performance

Shares of SPSC traded down $6.82 on Friday, reaching $105.53. 395,579 shares of the stock traded hands, compared to its average volume of 423,692. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 48.41 and a beta of 0.70. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The stock's 50-day moving average price is $120.48 and its 200-day moving average price is $130.94.

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 analysts' consensus estimates of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $187.40 million for the quarter, compared to analysts' expectations of $185.88 million. During the same period in the prior year, the business posted $0.80 earnings per share. The business'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 research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.