SPS Commerce, Inc. $SPSC Shares Sold by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP has reduced its stake in SPS Commerce, Inc. by 27.4%, now holding 6,502 shares worth approximately $863,000.
• Several institutional investors have significantly increased their positions in SPS Commerce, with MassMutual Private Wealth & Trust FSB raising its holdings by 126.3% in the first quarter.
• SPS Commerce reported $1.00 EPS for the last quarter, exceeding expectations, along with a revenue increase of 22.0% year-over-year.

Voleon Capital Management LP lessened its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,502 shares of the software maker's stock after selling 2,452 shares during the period. Voleon Capital Management LP's holdings in SPS Commerce were worth $863,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of SPS Commerce by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker's stock worth $43,991,000 after acquiring an additional 34,859 shares during the period. KBC Group NV lifted its stake in shares of SPS Commerce by 8.1% in the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker's stock worth $219,000 after acquiring an additional 124 shares during the period. SG Americas Securities LLC acquired a new stake in shares of SPS Commerce in the 1st quarter worth $1,045,000. LPL Financial LLC lifted its stake in shares of SPS Commerce by 7.4% in the 1st quarter. LPL Financial LLC now owns 50,015 shares of the software maker's stock worth $6,487,000 after acquiring an additional 3,454 shares during the period. Finally, Torray Investment Partners LLC lifted its stake in shares of SPS Commerce by 59.3% in the 1st quarter. Torray Investment Partners LLC now owns 10,783 shares of the software maker's stock worth $1,431,000 after acquiring an additional 4,016 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC reduced their price objective on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Morgan Stanley reduced their price objective on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. DA Davidson cut shares of 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 note on Thursday, July 31st. Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded down $6.82 during midday trading on Friday, reaching $105.53. The company had a trading volume of 395,579 shares, compared to its average volume of 423,692. The stock's fifty day moving average price is $120.48 and its 200-day moving average price is $130.94. 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 one year low of $102.05 and a one year high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The firm had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm's revenue for the quarter 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, sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

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.