SPS Commerce, Inc. $SPSC Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in SPS Commerce, Inc. by 3.3% during the first quarter, now holding about 130,548 shares valued at $17.3 million.
• SPS Commerce reported earnings per share of $1.00 for the last quarter, exceeding expectations, with revenue growth of 22% year-over-year.
• Recent analyst ratings indicate a divided outlook with five showing a "Buy" rating and five a "Hold," and the consensus price target is $165.80.

Invesco Ltd. cut its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,548 shares of the software maker's stock after selling 4,412 shares during the quarter. Invesco Ltd. owned about 0.34% of SPS Commerce worth $17,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SPSC. Fiera Capital Corp acquired a new stake in shares of SPS Commerce in the 1st quarter worth $31,311,000. Ameriprise Financial Inc. increased its stake in shares of SPS Commerce by 33.4% in the 4th quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock worth $140,882,000 after acquiring an additional 191,740 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of SPS Commerce by 96.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 161,954 shares of the software maker's stock worth $29,798,000 after acquiring an additional 79,540 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of SPS Commerce by 8,580.7% in the 1st quarter. GAMMA Investing LLC now owns 59,463 shares of the software maker's stock worth $7,893,000 after acquiring an additional 58,778 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of SPS Commerce by 86.8% in the 1st quarter. New York State Common Retirement Fund now owns 116,361 shares of the software maker's stock worth $15,445,000 after acquiring an additional 54,077 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Performance

Shares of SPSC traded up $1.65 during midday trading on Wednesday, hitting $112.94. The company had a trading volume of 465,243 shares, compared to its average volume of 555,172. The company's 50-day simple moving average is $126.95 and its 200-day simple moving average is $134.13. The firm has a market capitalization of $4.28 billion, a P/E ratio of 51.81 and a beta of 0.71. 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 announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. The business had revenue of $187.40 million during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $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. Equities analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target for the company. Morgan Stanley lowered their price target on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Loop Capital cut SPS Commerce from a "buy" rating to a "hold" rating and lowered their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Finally, Stifel Nicolaus lowered 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. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, SPS Commerce currently has an average rating of "Moderate Buy" and an average price target of $165.80.

SPS Commerce Company 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.