SPS Commerce, Inc. $SPSC Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,149 shares of the software maker’s stock after selling 22,395 shares during the quarter. Assenagon Asset Management S.A. owned 0.13% of SPS Commerce worth $5,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hardy Reed LLC grew its holdings in shares of SPS Commerce by 2.8% during the second quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock valued at $374,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. grew its stake in SPS Commerce by 60.6% during the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SPS Commerce by 41.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after purchasing an additional 92 shares during the period. New York State Teachers Retirement System increased its holdings in shares of SPS Commerce by 0.8% in the 2nd quarter. New York State Teachers Retirement System now owns 12,828 shares of the software maker’s stock valued at $1,746,000 after purchasing an additional 100 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in shares of SPS Commerce by 0.9% in the second quarter. Maryland State Retirement & Pension System now owns 11,161 shares of the software maker’s stock worth $1,519,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Northland Capmk raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. DA Davidson lowered 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. Northland Securities set a $109.00 price target on shares of SPS Commerce in a research note on Friday, October 31st. Cantor Fitzgerald cut SPS Commerce from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $135.00 to $80.00 in a research report on Friday, October 31st. Finally, Citigroup lowered their target price 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and a consensus price target of $106.80.

SPS Commerce Price Performance

SPS Commerce stock opened at $90.57 on Monday. SPS Commerce, Inc. has a one year low of $73.05 and a one year high of $197.59. The company’s fifty day moving average price is $90.55 and its two-hundred day moving average price is $110.60. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 40.61 and a beta of 0.60.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. The company had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $192.68 million. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The business’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. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.