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 reduced its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 27.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of SPS Commerce by 11.8% during 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 purchasing an additional 34,859 shares in the last quarter. KBC Group NV boosted its position 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 buying an additional 124 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SPS Commerce in the 1st quarter worth about $1,045,000. Royal Bank of Canada boosted its position in shares of SPS Commerce by 4.8% in the 1st quarter. Royal Bank of Canada now owns 258,395 shares of the software maker's stock worth $34,296,000 after buying an additional 11,859 shares in the last quarter. Finally, Select Equity Group L.P. boosted its position in shares of SPS Commerce by 511.3% in the 1st quarter. Select Equity Group L.P. now owns 47,985 shares of the software maker's stock worth $6,369,000 after buying an additional 40,135 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPSC. Needham & Company LLC decreased their price objective on shares of SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. DA Davidson lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Morgan Stanley decreased their price objective on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Loop Capital lowered shares of SPS Commerce from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Finally, Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

SPS Commerce Trading Up 1.6%

Shares of NASDAQ SPSC traded up $1.72 on Monday, reaching $107.25. 73,183 shares of the company traded hands, compared to its average volume of 359,314. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $201.06. The company has a 50 day moving average of $120.48 and a 200 day moving average of $130.90. The stock has a market capitalization of $4.07 billion, a PE ratio of 49.20 and a beta of 0.70.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. During the same quarter in the prior year, the company posted $0.80 EPS. The company's quarterly 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, research analysts expect 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.