Russell Investments Group Ltd. Acquires 8,590 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Russell Investments Group Ltd. increased its stake in SPS Commerce by 17.8% in Q1, now owning 56,822 shares worth approximately $7.54 million.
• A total of 98.96% of SPS Commerce's stock is held by hedge funds and institutional investors, with multiple firms adjusting their stakes.
• SPS Commerce reported $1.00 EPS for the quarter, exceeding analysts' expectations, and has provided FY 2025 guidance with an EPS prediction of 3.990-4.040.

Russell Investments Group Ltd. boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,822 shares of the software maker's stock after buying an additional 8,590 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of SPS Commerce worth $7,542,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPSC. Nuveen LLC acquired a new position in SPS Commerce during the first quarter worth $37,546,000. Fiera Capital Corp acquired a new position in SPS Commerce during the first quarter worth $31,311,000. Ameriprise Financial Inc. raised its holdings in SPS Commerce by 33.4% during the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock worth $140,882,000 after buying an additional 191,740 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in SPS Commerce by 96.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 161,954 shares of the software maker's stock worth $29,798,000 after buying an additional 79,540 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in SPS Commerce by 8,580.7% during the first quarter. GAMMA Investing LLC now owns 59,463 shares of the software maker's stock worth $7,893,000 after buying an additional 58,778 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Down 3.1%

SPSC traded down $3.59 during trading on Monday, hitting $112.23. 294,023 shares of the company traded hands, compared to its average volume of 535,369. The firm has a market cap of $4.25 billion, a P/E ratio of 51.48 and a beta of 0.71. The stock's fifty day moving average is $127.83 and its 200 day moving average is $134.44. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $203.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. The company had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior 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 forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SPSC. Wall Street Zen lowered shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Needham & Company LLC reduced their target price on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus reduced their target price on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Cantor Fitzgerald began coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price for the company. Finally, Loop Capital lowered shares of SPS Commerce from a "buy" rating to a "hold" rating and reduced their target price for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

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.