Nordea Investment Management AB Acquires 1,110,476 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Nordea Investment Management AB significantly increased its stake in SPS Commerce, acquiring 1,110,476 shares, raising its total holdings to 1,330,237 shares, representing 3.50% of the company valued at approximately $177.6 million.
• SPS Commerce reported a 22% year-over-year revenue growth for the latest quarter, reaching $187.4 million and exceeding analyst expectations with earnings per share of $1.00.
• Several hedge funds have made substantial investments in SPS Commerce, resulting in institutional investors now holding 98.96% of the stock, reflecting strong confidence in the company's growth potential.

Nordea Investment Management AB raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 505.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,330,237 shares of the software maker's stock after acquiring an additional 1,110,476 shares during the period. Nordea Investment Management AB owned about 3.50% of SPS Commerce worth $177,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPSC. Nuveen LLC bought a new stake in shares of SPS Commerce during the first quarter worth about $37,546,000. Fiera Capital Corp bought a new stake in shares of SPS Commerce during the first quarter worth about $31,311,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of SPS Commerce by 34.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker's stock worth $117,813,000 after purchasing an additional 225,848 shares during the last quarter. Granahan Investment Management LLC grew its holdings in shares of SPS Commerce by 33.3% during the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker's stock worth $53,579,000 after purchasing an additional 100,748 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of SPS Commerce by 86.8% during the first quarter. New York State Common Retirement Fund now owns 116,361 shares of the software maker's stock worth $15,445,000 after purchasing an additional 54,077 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Price Performance

SPS Commerce stock opened at $109.05 on Friday. The stock's 50 day moving average is $109.00 and its 200 day moving average is $126.78. The firm has a market cap of $4.13 billion, a P/E ratio of 50.02 and a beta of 0.69. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. During the same period in the previous year, the firm earned $0.80 earnings per share. The company's revenue 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. Equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPSC shares. Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of SPS Commerce in a report on Wednesday, September 24th. Cantor Fitzgerald reduced their price target on SPS Commerce from $170.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, September 24th. DA Davidson reaffirmed a "neutral" rating and issued a $125.00 price objective on shares of SPS Commerce in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SPS Commerce in a research note on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $140.00 price objective (down from $170.00) on shares of SPS Commerce in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, SPS Commerce presently has a consensus rating of "Hold" and an average price target of $153.70.

SPS Commerce 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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