Thematics Asset Management Buys 19,738 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Thematics Asset Management increased its stake in SPS Commerce by 12.7%, now owning 175,190 shares worth approximately $23.25 million, making it the 29th largest holding in their portfolio.
• In the first quarter, other hedge funds also boosted their holdings in SPS Commerce, with notable increases from Bank of New York Mellon Corp at 11.8% and KBC Group NV at 8.1%.
• SPS Commerce reported a 22% revenue increase year-over-year for the latest quarter, exceeding analysts' expectations with earnings of $1.00 per share against a consensus estimate of $0.90.

Thematics Asset Management increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,190 shares of the software maker's stock after acquiring an additional 19,738 shares during the quarter. SPS Commerce makes up 1.2% of Thematics Asset Management's investment portfolio, making the stock its 29th largest position. Thematics Asset Management owned approximately 0.46% of SPS Commerce worth $23,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in SPS Commerce in the fourth quarter valued at $2,441,000. First Trust Advisors LP lifted its position in shares of SPS Commerce by 202.0% in the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker's stock worth $1,046,000 after purchasing an additional 3,801 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of SPS Commerce by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock valued at $78,159,000 after purchasing an additional 11,506 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of SPS Commerce by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 22,555 shares of the software maker's stock valued at $4,150,000 after buying an additional 1,455 shares during the period. Finally, MML Investors Services LLC raised its stake in SPS Commerce by 6.8% in the fourth quarter. MML Investors Services LLC now owns 10,097 shares of the software maker's stock worth $1,858,000 after buying an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC traded down $2.01 during trading on Thursday, hitting $110.93. The company had a trading volume of 338,745 shares, compared to its average volume of 355,270. The firm has a market capitalization of $4.21 billion, a P/E ratio of 50.89 and a beta of 0.71. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $203.86. The stock has a 50 day simple moving average of $126.95 and a 200 day simple moving average of $134.13.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The firm 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%. SPS Commerce'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. As a group, analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

SPSC has been the topic of several research reports. Needham & Company LLC cut their price objective on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Morgan Stanley dropped their price target on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $175.00 to $125.00 in a report on Thursday, July 31st. Stifel Nicolaus lowered their price objective 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. Finally, Loop Capital downgraded 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 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.