CW Advisors LLC Has $16.75 Million Holdings in SPS Commerce, Inc. $SPSC

Key Points

• CW Advisors LLC decreased its holdings in SPS Commerce, Inc. by 8.5% in Q1, owning a total of 126,207 shares worth approximately $16.75 million after selling 11,766 shares.
• Multiple institutional investors have altered their positions, with Bank of New York Mellon Corp boosting its holdings by 11.8% in the same quarter, now owning 331,432 shares valued at around $44 million.
• SPS Commerce's most recent earnings report showed a 22% year-over-year revenue increase, with reported earnings of $1.00 per share, exceeding analysts' expectations of $0.90.

CW Advisors LLC lowered its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 8.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 126,207 shares of the software maker's stock after selling 11,766 shares during the period. CW Advisors LLC owned 0.33% of SPS Commerce worth $16,751,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares during the period. Allworth Financial LP boosted its holdings in shares of SPS Commerce by 296.6% during 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 during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of SPS Commerce by 105.4% during 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 during the period. Johnson Financial Group Inc. bought a new stake in shares of SPS Commerce during the fourth quarter worth approximately $70,000. Finally, Versant Capital Management Inc boosted its holdings in shares of SPS Commerce by 4,155.6% during 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 during the period. Institutional investors own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Loop Capital cut 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 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 for the company in a report on Thursday, July 31st. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Cantor Fitzgerald started coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.80.

SPS Commerce Price Performance

SPSC traded down $3.59 during trading on Monday, hitting $112.23. 294,023 shares of the stock traded hands, compared to its average volume of 351,927. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $203.86. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 51.48 and a beta of 0.71. The business has a 50 day moving average price of $128.28 and a 200 day moving average price of $134.90.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. During the same period in the previous year, the business earned $0.80 earnings per share. The company's revenue was up 22.0% on a year-over-year basis. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

About SPS Commerce

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.