Axiom Investors LLC DE Cuts Position in 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 cut its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 61.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,272 shares of the software maker's stock after selling 54,511 shares during the period. Axiom Investors LLC DE owned 0.09% of SPS Commerce worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings 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 worth $30,000 after buying an additional 125 shares during the period. NewEdge Advisors LLC raised its holdings in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares during the period. Allworth Financial LP raised its holdings in shares of SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after buying an additional 175 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock worth $40,000 after buying an additional 155 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after buying an additional 374 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPSC. Cantor Fitzgerald began coverage on SPS Commerce in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price target on the stock. Wall Street Zen downgraded SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and reduced their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Stifel Nicolaus reduced their price objective on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Morgan Stanley reduced their price objective on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Stock Performance

SPSC traded down $6.82 during trading on Friday, hitting $105.53. 395,564 shares of the stock were exchanged, compared to its average volume of 361,058. SPS Commerce, Inc. has a 1 year low of $102.05 and a 1 year high of $201.06. The firm has a 50 day simple moving average of $121.20 and a 200 day simple moving average of $131.17. 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 (NASDAQ:SPSC - Get Free Report) last announced 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. 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 the consensus estimate of $185.88 million. During the same period last year, the business posted $0.80 EPS. 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 analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

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.