Park Avenue Securities LLC Sells 948 Shares of SPS Commerce, Inc. $SPSC

Park Avenue Securities LLC cut its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,363 shares of the software maker’s stock after selling 948 shares during the period. Park Avenue Securities LLC’s holdings in SPS Commerce were worth $458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in SPS Commerce by 60.6% during 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. MassMutual Private Wealth & Trust FSB lifted its position in shares of SPS Commerce by 126.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock worth $30,000 after buying an additional 125 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the last quarter. Allworth Financial LP grew its holdings in shares of SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker’s stock valued at $40,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SPSC shares. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of SPS Commerce in a report on Wednesday, September 24th. Loop Capital lowered SPS Commerce from a “buy” rating to a “hold” rating and decreased their target price for the company from $175.00 to $120.00 in a research report on Thursday, July 31st. Stifel Nicolaus cut their price target on shares of SPS Commerce from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Cantor Fitzgerald lowered their price objective on shares of SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.30.

SPS Commerce Stock Down 1.2%

SPSC opened at $105.05 on Tuesday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 48.19 and a beta of 0.70. The firm has a 50-day moving average price of $113.62 and a 200-day moving average price of $129.19. SPS Commerce, Inc. has a twelve month low of $102.05 and a twelve month high of $201.06.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.