SPS Commerce, Inc. $SPSC Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 28.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,604 shares of the software maker’s stock after selling 10,424 shares during the period. Voya Investment Management LLC owned about 0.07% of SPS Commerce worth $2,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPSC. UMB Bank n.a. raised its position in shares of SPS Commerce by 60.6% during the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the period. NewEdge Advisors LLC grew its stake in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in SPS Commerce by 41.1% in 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. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in SPS Commerce by 211.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 474 shares of the software maker’s stock valued at $65,000 after buying an additional 322 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPSC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 price objective (down previously from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. DA Davidson decreased their target price on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Northland Capmk raised SPS Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings downgraded SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Finally, Cantor Fitzgerald lowered SPS Commerce from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $135.00 to $80.00 in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.80.

SPS Commerce Trading Up 0.0%

SPSC stock opened at $91.92 on Friday. The firm’s 50-day moving average is $88.89 and its two-hundred day moving average is $109.05. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 41.22 and a beta of 0.60. SPS Commerce, Inc. has a 52 week low of $73.05 and a 52 week high of $197.59.

SPS Commerce (NASDAQ:SPSC) last posted 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 business had revenue of $189.90 million for the quarter, compared to analyst estimates of $192.68 million. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business 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 predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

SPS Commerce Profile

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.