Lbp Am Sa Sells 7,586 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Lbp Am Sa reduced its stake in SPS Commerce, Inc. by 48.2%, selling 7,586 shares during the second quarter, leaving it with 8,162 shares valued at approximately $1.11 million.
• SPS Commerce reported earnings per share (EPS) of $1.00 for the last quarter, exceeding estimates, with revenue growth of 22.0% compared to the previous year.
• The average price target for SPS Commerce stock among analysts is $156.70, with five analysts recommending a "buy" and five a "hold" rating.

Lbp Am Sa lowered its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 48.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,162 shares of the software maker's stock after selling 7,586 shares during the quarter. Lbp Am Sa's holdings in SPS Commerce were worth $1,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truist Financial Corp increased its stake in shares of SPS Commerce by 1.7% during the second quarter. Truist Financial Corp now owns 10,715 shares of the software maker's stock valued at $1,458,000 after buying an additional 175 shares during the period. HB Wealth Management LLC purchased a new position in shares of SPS Commerce during the second quarter valued at approximately $210,000. Janney Montgomery Scott LLC increased its stake in shares of SPS Commerce by 12.8% during the second quarter. Janney Montgomery Scott LLC now owns 1,980 shares of the software maker's stock valued at $269,000 after buying an additional 224 shares during the period. Signaturefd LLC increased its stake in shares of SPS Commerce by 95.2% during the second quarter. Signaturefd LLC now owns 1,411 shares of the software maker's stock valued at $192,000 after buying an additional 688 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of SPS Commerce by 7.5% during the second quarter. State of Alaska Department of Revenue now owns 22,603 shares of the software maker's stock valued at $3,075,000 after buying an additional 1,577 shares during the period. Institutional investors own 98.96% of the company's stock.

SPS Commerce Trading Up 1.1%

SPS Commerce stock opened at $104.51 on Friday. The business's fifty day simple moving average is $111.54 and its two-hundred day simple moving average is $128.67. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 47.94 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. During the same period in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. 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 Analysts Forecast Growth

SPSC has been the topic of several research analyst reports. DA Davidson reissued a "neutral" rating and set a $125.00 target price on shares of SPS Commerce in a research note on Thursday, September 25th. Needham & Company LLC reissued a "buy" rating and set a $160.00 target price on shares of SPS Commerce in a research note on Wednesday, September 24th. Stifel Nicolaus reduced their price target on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Northland Securities set a $125.00 price target on SPS Commerce in a research note on Tuesday. Finally, Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. 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, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $156.70.

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.

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