SPS Commerce, Inc. $SPSC Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,303 shares of the software maker’s stock after selling 559 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.10% of SPS Commerce worth $4,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPSC. Nordea Investment Management AB increased its position 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 worth $177,587,000 after purchasing an additional 1,110,476 shares in the last quarter. Nuveen LLC purchased a new position in SPS Commerce in the 1st quarter valued at $37,546,000. Fiera Capital Corp acquired a new stake in SPS Commerce during the 1st quarter worth $31,311,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of 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 buying an additional 225,848 shares in the last quarter. Finally, Granahan Investment Management LLC grew its holdings in shares of 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 buying an additional 100,748 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of NASDAQ SPSC opened at $103.89 on Friday. The company has a market capitalization of $3.94 billion, a P/E ratio of 47.66 and a beta of 0.69. The company has a 50 day simple moving average of $108.66 and a 200-day simple moving average of $125.54. SPS Commerce, Inc. has a 1 year low of $102.05 and a 1 year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. The firm had revenue of $189.90 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. As a group, research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Ratings Changes

SPSC has been the topic of several research reports. DA Davidson reissued a “neutral” rating and issued a $125.00 price target on shares of SPS Commerce in a research note on Thursday, September 25th. Loop Capital lowered shares of SPS Commerce from a “buy” rating to a “hold” rating and decreased their target price for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Cantor Fitzgerald dropped their price target on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Northland Securities set a $125.00 price target on SPS Commerce in a report on Tuesday, September 30th. Finally, Stifel Nicolaus reduced their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $153.70.

SPS Commerce 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.