CW Advisors LLC Sells 11,766 Shares of 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 cut its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in SPS Commerce in the 1st quarter valued at about $88,000. Wellington Management Group LLP grew its position in shares of SPS Commerce by 7.1% during the 1st quarter. Wellington Management Group LLP now owns 247,652 shares of the software maker's stock worth $32,871,000 after purchasing an additional 16,327 shares in the last quarter. Northern Trust Corp grew its position in shares of SPS Commerce by 0.7% during the 1st quarter. Northern Trust Corp now owns 513,370 shares of the software maker's stock worth $68,140,000 after purchasing an additional 3,329 shares in the last quarter. Algert Global LLC grew its position in shares of SPS Commerce by 54.0% during the 1st quarter. Algert Global LLC now owns 26,995 shares of the software maker's stock worth $3,583,000 after purchasing an additional 9,470 shares in the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of SPS Commerce by 0.9% during the 1st quarter. Cresset Asset Management LLC now owns 23,622 shares of the software maker's stock worth $3,135,000 after purchasing an additional 220 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SPSC shares. Cantor Fitzgerald began coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Needham & Company LLC cut their price target on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Loop Capital downgraded shares of 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. Finally, Morgan Stanley cut their price target on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Price Performance

NASDAQ SPSC traded up $1.15 during mid-day trading on Wednesday, reaching $112.44. 193,782 shares of the stock were exchanged, compared to its average volume of 353,524. The stock has a market cap of $4.26 billion, a P/E ratio of 51.57 and a beta of 0.71. The stock has a 50 day simple moving average of $127.37 and a 200-day simple moving average of $134.28. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $203.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $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. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS 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.