282,872 Shares in SPS Commerce, Inc. $SPSC Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $37.55 million in SPS Commerce by acquiring 282,872 shares, increasing its ownership to about 0.74% of the company.
• Multiple hedge funds, including MassMutual and Allworth Financial, have significantly increased their holdings in SPS Commerce, indicating strong institutional interest in the stock.
• SPS Commerce reported better-than-expected earnings, with a quarterly EPS of $1.00 against a consensus estimate of $0.90, marking a 22.0% increase in revenue year-over-year.

Nuveen LLC acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 282,872 shares of the software maker's stock, valued at approximately $37,546,000. Nuveen LLC owned about 0.74% of SPS Commerce as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 buying an additional 125 shares during the last quarter. Allworth Financial LP lifted its position 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 during the period. Versant Capital Management Inc lifted its position 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 during the period. Johnson Financial Group Inc. purchased a new position in shares of SPS Commerce in the 4th quarter valued at approximately $70,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of SPS Commerce by 35.6% in the first quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock valued at $73,000 after purchasing an additional 144 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus cut their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Morgan Stanley lowered their target price on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Loop Capital cut 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. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.80.

SPS Commerce Trading Down 0.4%

Shares of NASDAQ:SPSC traded down $0.4750 on Thursday, reaching $110.9650. 27,628 shares of the company were exchanged, compared to its average volume of 349,195. The company has a 50-day moving average of $129.15 and a 200-day moving average of $136.45. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 50.96 and a beta of 0.71. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $203.86.

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 firm had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. During the same quarter last year, the business earned $0.80 earnings per share. The business'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. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.