United Services Automobile Association Acquires Shares of 2,425 SPS Commerce, Inc. $SPSC

Key Points

• USAA acquires 2,425 shares of SPS Commerce, valued at approximately $324,000, indicating strong institutional interest in the software maker.
• Several large investors, including Nuveen LLC and GAMMA Investing LLC, have recently made significant positions in SPS Commerce, with institutional investors now owning 98.96% of the company's stock.
• SPS Commerce announced its most recent quarterly earnings, reporting $1.00 earnings per share, exceeding expectations and reflecting a strong revenue growth of 22% year-over-year.

United Services Automobile Association acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,425 shares of the software maker's stock, valued at approximately $324,000.

Several other large investors also recently bought and sold shares of SPSC. Nuveen LLC acquired a new position in SPS Commerce in the first quarter valued at $37,546,000. Fiera Capital Corp acquired a new position in SPS Commerce in the first quarter valued at $31,311,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in 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 valued at $117,813,000 after acquiring an additional 225,848 shares in the last quarter. Granahan Investment Management LLC boosted its stake in SPS Commerce by 33.3% in the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker's stock valued at $53,579,000 after acquiring an additional 100,748 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in SPS Commerce by 8,580.7% in the first quarter. GAMMA Investing LLC now owns 59,463 shares of the software maker's stock valued at $7,893,000 after acquiring an additional 58,778 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPSC. Cantor Fitzgerald began coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective for the company. Loop Capital cut shares of SPS Commerce from a "buy" rating to a "hold" rating and reduced their target price for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Morgan Stanley reduced their target price on shares of 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 shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Stifel Nicolaus reduced their target price on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $165.80.

SPS Commerce Stock Down 6.1%

NASDAQ SPSC opened at $105.53 on Friday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 48.41 and a beta of 0.70. SPS Commerce, Inc. has a 52-week low of $102.05 and a 52-week high of $201.06. The firm has a 50-day moving average price of $120.48 and a 200 day moving average price of $130.94.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analysts' expectations of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm'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 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, equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

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.

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