Voya Investment Management LLC Sells 103,377 Shares of SPS Commerce, Inc. $SPSC

Voya Investment Management LLC cut its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 70.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,952 shares of the software maker’s stock after selling 103,377 shares during the quarter. Voya Investment Management LLC owned about 0.12% of SPS Commerce worth $5,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPSC. Nuveen LLC bought a new position in shares of SPS Commerce in the first quarter valued at $37,546,000. Fiera Capital Corp bought a new position in shares of SPS Commerce in the first quarter valued at $31,311,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in 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 worth $117,813,000 after purchasing an additional 225,848 shares during the period. Granahan Investment Management LLC boosted its position in SPS Commerce by 33.3% during the first quarter. Granahan Investment Management LLC now owns 403,668 shares of the software maker’s stock worth $53,579,000 after purchasing an additional 100,748 shares during the period. Finally, GAMMA Investing LLC boosted its position in SPS Commerce by 8,580.7% during the first quarter. GAMMA Investing LLC now owns 59,463 shares of the software maker’s stock worth $7,893,000 after purchasing an additional 58,778 shares during the period. 98.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPSC. DA Davidson cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating and reduced their price objective for the stock from $175.00 to $125.00 in a research report on Thursday, July 31st. Loop Capital cut shares of SPS Commerce from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $175.00 to $120.00 in a research report on Thursday, July 31st. Wall Street Zen cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. 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 report on Thursday, July 31st. Finally, Cantor Fitzgerald began coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.80.

SPS Commerce Price Performance

Shares of SPSC stock opened at $108.65 on Friday. The business’s 50 day simple moving average is $118.05 and its 200 day simple moving average is $130.23. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06. The stock has a market capitalization of $4.12 billion, a PE ratio of 49.84 and a beta of 0.70.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The business had revenue of $187.40 million for the quarter, compared to analysts’ expectations of $185.88 million. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s 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, 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.