APG Asset Management N.V. Sells 3,366 Shares of SPS Commerce, Inc. $SPSC

Key Points

• APG Asset Management N.V. reduced its stake in SPS Commerce, Inc. by 3.8%, retaining approximately 0.23% of the company with holdings valued at $10.57 million.
• Several institutional investors have increased their stakes, with AlphaQuest LLC boosting its position by 104.3% in the first quarter of 2023.
• SPS Commerce reported earnings of $1.00 per share, exceeding analysts' expectations, and forecast EPS guidance for FY 2025 between $3.990 and $4.040.

APG Asset Management N.V. decreased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 86,002 shares of the software maker's stock after selling 3,366 shares during the period. APG Asset Management N.V. owned 0.23% of SPS Commerce worth $10,568,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPSC. MassMutual Private Wealth & Trust FSB raised its holdings in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. Allworth Financial LP raised its holdings in shares of SPS Commerce by 296.6% in the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 acquiring an additional 155 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of SPS Commerce by 4,155.6% in the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $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 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of SPSC traded down $0.63 during trading hours on Friday, hitting $110.30. The stock had a trading volume of 453,401 shares, compared to its average volume of 355,864. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $203.86. The firm has a market capitalization of $4.18 billion, a PE ratio of 50.60 and a beta of 0.71. The stock has a fifty day moving average price of $126.49 and a 200 day moving average price of $133.67.

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

Analyst Upgrades and Downgrades

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

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.