Intech Investment Management LLC Has $3.16 Million Stake in SPS Commerce, Inc. $SPSC

Intech Investment Management LLC lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,798 shares of the software maker’s stock after buying an additional 1,760 shares during the quarter. Intech Investment Management LLC owned about 0.06% of SPS Commerce worth $3,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 34,859 shares in the last quarter. KBC Group NV raised its stake in shares of SPS Commerce by 8.1% during the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock worth $219,000 after purchasing an additional 124 shares during the period. SG Americas Securities LLC bought a new stake in shares of SPS Commerce during the 1st quarter worth $1,045,000. Royal Bank of Canada raised its stake in shares of SPS Commerce by 4.8% during the 1st quarter. Royal Bank of Canada now owns 258,395 shares of the software maker’s stock worth $34,296,000 after purchasing an additional 11,859 shares during the period. Finally, LPL Financial LLC increased its holdings in 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 last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Down 6.1%

NASDAQ SPSC opened at $105.53 on Friday. SPS Commerce, Inc. has a 12 month low of $102.05 and a 12 month high of $201.06. The stock has a market cap of $4.00 billion, a P/E ratio of 48.41 and a beta of 0.70. The stock’s fifty day moving average price is $120.48 and its 200-day moving average price is $130.91.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. During the same period in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. 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, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several analyst reports. DA Davidson cut SPS Commerce from a “strong-buy” rating to a “hold” rating and decreased their price target for the company from $175.00 to $125.00 in a research report on Thursday, July 31st. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Stifel Nicolaus dropped their target price on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Morgan Stanley lowered their price objective on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald started coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.80.

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.