SPS Commerce, Inc. $SPSC Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in SPS Commerce, Inc. by 45.4%, now holding approximately 0.28% of the company valued at $14.1 million.
• Several institutional investors have also raised their holdings in SPS Commerce, with institutional ownership now at 98.96%.
• SPS Commerce recently reported a quarterly revenue increase of 22% YOY, beating analyst estimates with earnings of $1.00 per share.

Deutsche Bank AG grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 45.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,401 shares of the software maker's stock after purchasing an additional 33,239 shares during the period. Deutsche Bank AG owned approximately 0.28% of SPS Commerce worth $14,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after purchasing an additional 125 shares during the last quarter. Allworth Financial LP lifted its stake in SPS Commerce by 296.6% during the 1st 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. Johnson Financial Group Inc. acquired a new position in SPS Commerce during the 4th quarter worth about $70,000. Versant Capital Management Inc lifted its stake in SPS Commerce by 4,155.6% during the 1st 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, Harbor Investment Advisory LLC lifted its stake in SPS Commerce by 35.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock worth $73,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Up 0.0%

NASDAQ SPSC traded up $0.03 during trading hours on Tuesday, hitting $114.53. 52,635 shares of the company were exchanged, compared to its average volume of 349,083. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $203.86. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 52.54 and a beta of 0.71. The company has a 50 day moving average of $130.26 and a two-hundred day moving average of $136.78.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analysts' expectations 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 was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPSC. Cantor Fitzgerald began coverage on SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. Needham & Company LLC decreased their target price on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their target price for the stock from $175.00 to $125.00 in a research note on Thursday, July 31st. Finally, Loop Capital lowered SPS Commerce from a "buy" rating to a "hold" rating and decreased their target price for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

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.