Ameriprise Financial Inc. Sells 377,429 Shares of SPS Commerce, Inc. $SPSC

Ameriprise Financial Inc. cut its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 49.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,280 shares of the software maker’s stock after selling 377,429 shares during the quarter. Ameriprise Financial Inc. owned about 1.02% of SPS Commerce worth $51,537,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in SPS Commerce by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock valued at $43,991,000 after purchasing an additional 34,859 shares during the period. KBC Group NV boosted its stake in SPS Commerce by 8.1% in the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after purchasing an additional 124 shares during the period. SG Americas Securities LLC bought a new stake in SPS Commerce in the 1st quarter valued at $1,045,000. First Trust Advisors LP boosted its stake in SPS Commerce by 202.0% in the 4th quarter. First Trust Advisors LP now owns 5,683 shares of the software maker’s stock valued at $1,046,000 after purchasing an additional 3,801 shares during the period. Finally, LPL Financial LLC raised its holdings in SPS Commerce by 7.4% in the 1st quarter. LPL Financial LLC now owns 50,015 shares of the software maker’s stock valued at $6,487,000 after acquiring an additional 3,454 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Performance

SPS Commerce stock opened at $112.94 on Thursday. SPS Commerce, Inc. has a 52 week low of $102.05 and a 52 week high of $203.86. The stock has a market capitalization of $4.28 billion, a P/E ratio of 51.81 and a beta of 0.71. The stock has a fifty day moving average of $126.95 and a 200-day moving average of $134.13.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly 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. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. During the same quarter in the previous year, the firm earned $0.80 EPS. SPS Commerce’s revenue was up 22.0% on a year-over-year basis. 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, research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the subject of several analyst reports. Needham & Company LLC dropped their price objective on SPS Commerce from $210.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Morgan Stanley dropped their price objective on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on SPS Commerce in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 price objective for the company. DA Davidson cut SPS Commerce from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Finally, Stifel Nicolaus dropped their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.80.

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.