United Services Automobile Association bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,425 shares of the software maker's stock, valued at approximately $324,000.
Several other large investors have also bought and sold shares of SPSC. Nuveen LLC purchased a new position in SPS Commerce in the first quarter worth about $37,546,000. Fiera Capital Corp purchased a new position in shares of SPS Commerce during the first quarter valued at approximately $31,311,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of SPS Commerce by 34.1% during 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 purchasing an additional 225,848 shares during the last quarter. Granahan Investment Management LLC raised its holdings in shares of SPS Commerce by 33.3% during the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker's stock valued at $53,579,000 after purchasing an additional 100,748 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of SPS Commerce by 8,580.7% during the first 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 last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective 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. Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective for the company. Needham & Company LLC decreased their price objective on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, July 31st. DA Davidson cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price objective for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Finally, Loop Capital cut shares of SPS Commerce from a "buy" rating to a "hold" rating and decreased their price objective for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.80.
Read Our Latest Analysis on SPS Commerce
SPS Commerce Trading Up 1.4%
NASDAQ SPSC traded up $1.45 during trading hours on Thursday, hitting $108.65. 338,340 shares of the company's stock traded hands, compared to its average volume of 419,987. The business's fifty day moving average price is $118.05 and its two-hundred day moving average price is $130.23. The firm has a market capitalization of $4.12 billion, a P/E ratio of 49.84 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.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results 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 company had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business 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, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.
About SPS Commerce
(
Free Report)
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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