SPS Commerce, Inc. $SPSC Shares Sold by Axiom Investors LLC DE

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 lessened its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 61.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.09% of SPS Commerce worth $4,549,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its position in 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 acquiring an additional 125 shares in the last quarter. Allworth Financial LP raised its position in 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 acquiring an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in 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 acquiring an additional 155 shares in the last quarter. Versant Capital Management Inc raised its position in 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 acquiring an additional 374 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in SPS Commerce in the first quarter worth $52,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Up 0.3%

Shares of SPSC traded up $0.30 during trading hours on Friday, reaching $111.23. 151,155 shares of the company traded hands, compared to its average volume of 353,872. The stock has a market capitalization of $4.22 billion, a PE ratio of 51.04 and a beta of 0.71. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $203.86. The stock has a fifty day simple moving average of $126.49 and a 200 day simple moving average of $133.67.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SPSC. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. 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. Cantor Fitzgerald started coverage on SPS Commerce in a report on Tuesday, June 3rd. They issued 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 target price for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Finally, Morgan Stanley lowered their target price 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $165.80.

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.