Quantbot Technologies LP Sells 5,777 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Quantbot Technologies LP reduced its stake in SPS Commerce by 33.3%, selling 5,777 shares and owning 11,587 shares valued at approximately $1.5 million.
• Despite this sell-off, other institutional investors significantly increased their investments in SPS Commerce, with mass purchases by firms like MassMutual Private Wealth and Allworth Financial LP.
• SPS Commerce recently beat earnings expectations with an EPS of $1.00, surpassing analyst estimates, and has set its FY 2025 guidance between $3.990-$4.040 EPS.

Quantbot Technologies LP lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 33.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,587 shares of the software maker's stock after selling 5,777 shares during the quarter. Quantbot Technologies LP's holdings in SPS Commerce were worth $1,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $30,000 after purchasing an additional 125 shares during the period. Allworth Financial LP lifted its holdings in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after buying an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in SPS Commerce by 105.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after buying an additional 155 shares during the period. Versant Capital Management Inc grew its stake in SPS Commerce by 4,155.6% in 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, Johnson Financial Group Inc. purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPSC. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Stifel Nicolaus decreased their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target on the stock. Morgan Stanley cut their price target on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Finally, DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price objective for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, SPS Commerce currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.80.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $115.82 on Friday. The company's 50-day simple moving average is $128.28 and its 200-day simple moving average is $135.54. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $203.86. The stock has a market capitalization of $4.39 billion, a P/E ratio of 53.13 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The company 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%. SPS Commerce's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.

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