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

Key Points

• Axiom Investors LLC has sold 54,511 shares of SPS Commerce, reducing its stake by 61.4% to 34,272 shares, valued at approximately $4.55 million.
• SPS Commerce's stock has seen a one-year performance with a low of $102.05 and a high of $203.86, currently trading around $115.82.
• Research analysts have adjusted their ratings and price targets for SPS Commerce, with DA Davidson downgrading it from "strong-buy" to "hold" and reducing the price target to $125.00.

Axiom Investors LLC DE trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 61.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Marshall Wace LLP acquired a new stake in SPS Commerce during the fourth quarter worth approximately $2,441,000. First Trust Advisors LP grew its holdings in shares of SPS Commerce by 202.0% during the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock worth $1,046,000 after purchasing an additional 3,801 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SPS Commerce by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock valued at $78,159,000 after purchasing an additional 11,506 shares in the last quarter. MetLife Investment Management LLC increased its holdings in SPS Commerce by 6.9% in the 4th quarter. MetLife Investment Management LLC now owns 22,555 shares of the software maker's stock valued at $4,150,000 after buying an additional 1,455 shares during the period. Finally, MML Investors Services LLC raised its position in shares of SPS Commerce by 6.8% in the 4th quarter. MML Investors Services LLC now owns 10,097 shares of the software maker's stock valued at $1,858,000 after buying an additional 647 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

Shares of SPS Commerce stock traded up $1.65 on Wednesday, hitting $112.94. 465,243 shares of the company's stock traded hands, compared to its average volume of 555,172. The company has a fifty day moving average of $126.95 and a two-hundred day moving average of $134.13. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $203.86. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 51.81 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.90 by $0.10. The company had revenue of $187.40 million during the quarter, compared to the consensus estimate 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 last year, the business 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 anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price 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. Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Needham & Company LLC cut their target price on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Loop Capital lowered 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 research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, SPS Commerce currently has an average 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.