Invesco Ltd. Sells 4,412 Shares of SPS Commerce, Inc. $SPSC

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. lowered its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,548 shares of the software maker's stock after selling 4,412 shares during the period. Invesco Ltd. owned approximately 0.34% of SPS Commerce worth $17,328,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted 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 worth $30,000 after acquiring an additional 125 shares during the last quarter. Allworth Financial LP increased its stake 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 worth $33,000 after acquiring an additional 175 shares in the last quarter. Versant Capital Management Inc boosted its position 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 worth $51,000 after purchasing an additional 374 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in SPS Commerce in the fourth quarter worth $70,000. Finally, Harbor Investment Advisory LLC grew its position in SPS Commerce by 35.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock valued at $73,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 98.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Loop Capital cut shares of SPS Commerce from a "buy" rating to a "hold" rating and lowered their target price for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Needham & Company LLC lowered their price target on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus dropped their price target on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. DA Davidson cut SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price target for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Finally, Cantor Fitzgerald began coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $165.80.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded up $2.51 during trading hours on Friday, hitting $115.82. 449,293 shares of the company's stock traded hands, compared to its average volume of 531,148. The firm has a market capitalization of $4.39 billion, a P/E ratio of 53.13 and a beta of 0.71. The business has a fifty day moving average price of $128.28 and a 200-day moving average price of $134.90. 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 posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $185.88 million. During the same quarter in the previous year, the business earned $0.80 EPS. 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, equities analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share 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.