Canada Pension Plan Investment Board Sells 9,900 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Canada Pension Plan Investment Board reduced its stake in SPS Commerce by 37.4%, now holding 16,600 shares valued at $2,203,000 after selling 9,900 shares in the first quarter.
• SPS Commerce reported a 22.0% increase in revenue year-over-year, with quarterly earnings of $1.00 per share, surpassing analysts' expectations of $0.90.
• Equities analysts have mixed ratings for SPS Commerce, with five analysts giving a "Buy" rating and five a "Hold" rating, while the consensus price target has been adjusted to $165.80.

Canada Pension Plan Investment Board lowered its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 37.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,600 shares of the software maker's stock after selling 9,900 shares during the period. Canada Pension Plan Investment Board's holdings in SPS Commerce were worth $2,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPSC. Nuveen LLC acquired a new stake in shares of SPS Commerce in the first quarter worth about $37,546,000. Fiera Capital Corp acquired a new stake in shares of SPS Commerce in the first quarter worth about $31,311,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of SPS Commerce by 34.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker's stock worth $117,813,000 after buying an additional 225,848 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in SPS Commerce by 96.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 161,954 shares of the software maker's stock valued at $29,798,000 after purchasing an additional 79,540 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SPS Commerce by 8,580.7% during the 1st quarter. GAMMA Investing LLC now owns 59,463 shares of the software maker's stock valued at $7,893,000 after purchasing an additional 58,778 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of research analyst reports. DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their price target for the stock from $175.00 to $125.00 in a report on Thursday, July 31st. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Stifel Nicolaus cut their price target on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Needham & Company LLC cut their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Finally, Morgan Stanley decreased their price objective on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, SPS Commerce currently has an average rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Trading Up 1.1%

NASDAQ SPSC traded up $1.24 during trading hours on Friday, reaching $110.60. 343,815 shares of the company's stock were exchanged, compared to its average volume of 423,953. The stock has a market cap of $4.19 billion, a PE ratio of 50.73 and a beta of 0.70. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06. The firm has a fifty day moving average of $123.44 and a 200-day moving average of $131.85.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.SPS Commerce's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. 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, research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.