SPS Commerce, Inc. $SPSC Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in SPS Commerce by 68.9%, holding 6,577 shares valued at approximately $873,000 after selling 14,584 shares in the first quarter.
• SPS Commerce reported earnings per share of $1.00 for the last quarter, surpassing the consensus estimate of $0.90 and reflecting a 22.0% year-over-year revenue increase.
• Several brokerages have downgraded SPS Commerce's ratings recently, adjusting target prices significantly lower, with an average consensus target price now at $165.80.

HighTower Advisors LLC cut its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 68.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,577 shares of the software maker's stock after selling 14,584 shares during the quarter. HighTower Advisors LLC's holdings in SPS Commerce were worth $873,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares in the last quarter. Allworth Financial LP boosted its position in SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Versant Capital Management Inc boosted its position in SPS Commerce by 4,155.6% during the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after purchasing an additional 374 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in SPS Commerce by 35.6% during the first quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock worth $73,000 after purchasing an additional 144 shares in the last quarter. Finally, Group One Trading LLC purchased a new stake in SPS Commerce during the fourth quarter worth $102,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley decreased their target price 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. Cantor Fitzgerald began coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective on the stock. Wall Street Zen downgraded SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Needham & Company LLC reduced 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. Finally, DA Davidson downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $175.00 to $125.00 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $165.80.

SPS Commerce Stock Performance

SPS Commerce stock traded down $0.63 during trading on Monday, hitting $110.30. The company's stock had a trading volume of 453,401 shares, compared to its average volume of 479,414. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 50.60 and a beta of 0.70. The stock's fifty day moving average is $126.02 and its 200 day moving average is $133.14. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $203.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.10% and a net margin of 11.79%.The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm 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 anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal 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.