SPS Commerce, Inc. $SPSC Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 15.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 212,175 shares of the software maker’s stock after selling 37,323 shares during the quarter. Fisher Asset Management LLC’s holdings in SPS Commerce were worth $28,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hardy Reed LLC grew its stake in SPS Commerce by 2.8% during the 2nd quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock valued at $374,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. raised its stake in shares of SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in shares of SPS Commerce by 1.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker’s stock worth $1,230,000 after purchasing an additional 90 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in SPS Commerce by 41.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in SPS Commerce by 0.8% in the 2nd quarter. New York State Teachers Retirement System now owns 12,828 shares of the software maker’s stock worth $1,746,000 after buying an additional 100 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Trading Up 1.9%

NASDAQ SPSC opened at $82.26 on Wednesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 37.73 and a beta of 0.59. The stock has a 50-day moving average of $95.59 and a 200 day moving average of $115.85. SPS Commerce, Inc. has a twelve month low of $73.05 and a twelve month high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.14. The firm had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $192.68 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. SPS Commerce’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. Equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPSC has been the subject of several research reports. Cantor Fitzgerald cut shares of SPS Commerce from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $135.00 to $80.00 in a research note on Friday, October 31st. Morgan Stanley set a $100.00 target price on shares of SPS Commerce and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Northland Capmk raised SPS Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings cut SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price (down from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and a consensus target price of $106.80.

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.