Fisher Asset Management LLC Reduces Position in SPS Commerce, Inc. $SPSC

Fisher Asset Management LLC reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,175 shares of the software maker’s stock after selling 37,323 shares during the quarter. Fisher Asset Management LLC owned 0.56% of SPS Commerce worth $28,875,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after buying an additional 1,110,476 shares during the last quarter. Geode Capital Management LLC grew its position in SPS Commerce by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock valued at $132,824,000 after acquiring an additional 12,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock valued at $117,813,000 after acquiring an additional 225,848 shares during the last quarter. Geneva Capital Management LLC increased its stake in SPS Commerce by 7.5% in the second quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after purchasing an additional 43,330 shares during the period. Finally, Northern Trust Corp lifted its position in shares of SPS Commerce by 0.7% during the first quarter. Northern Trust Corp now owns 513,370 shares of the software maker’s stock worth $68,140,000 after purchasing an additional 3,329 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Up 1.9%

SPSC opened at $82.26 on Wednesday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 37.73 and a beta of 0.59. SPS Commerce, Inc. has a 12 month low of $73.05 and a 12 month high of $201.06. The stock has a fifty day moving average price of $95.59 and a 200-day moving average price of $115.85.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.14. The company had revenue of $189.90 million for the quarter, compared to analyst estimates of $192.68 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of research analyst reports. DA Davidson cut their price target on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Robert W. Baird set a $104.00 target price on shares of SPS Commerce in a research note on Friday, October 31st. Cantor Fitzgerald lowered shares of SPS Commerce from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $135.00 to $80.00 in a research report on Friday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price target (down previously from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Finally, Citigroup dropped their price objective on SPS Commerce from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.80.

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.