SPS Commerce, Inc. $SPSC Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,237 shares of the software maker’s stock after selling 286 shares during the period. Fifth Third Bancorp’s holdings in SPS Commerce were worth $168,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC increased its position in SPS Commerce by 4.3% during the first quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker’s stock worth $255,000 after buying an additional 79 shares during the period. UMB Bank n.a. increased its position 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 buying an additional 80 shares during the period. Alliance Wealth Advisors LLC UT increased its position in 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 buying an additional 90 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in SPS Commerce by 41.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock worth $43,000 after buying an additional 92 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of SPS Commerce by 7.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,391 shares of the software maker’s stock valued at $185,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPSC opened at $103.37 on Thursday. The business’s fifty day moving average is $112.21 and its two-hundred day moving average is $128.84. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 47.42 and a beta of 0.69. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.SPS Commerce’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business 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, 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 topic of a number of recent research reports. Northland Securities set a $125.00 target price on SPS Commerce in a report on Tuesday. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a report on Sunday. DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of SPS Commerce in a report on Thursday, September 25th. Loop Capital lowered SPS Commerce from a “buy” rating to a “hold” rating and dropped their target price for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Finally, Cantor Fitzgerald dropped their target price on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.70.

About SPS Commerce

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.