EULAV Asset Management Lowers Stock Position in SPS Commerce, Inc. $SPSC

EULAV Asset Management lessened its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 44.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 57,600 shares of the software maker’s stock after selling 46,900 shares during the period. EULAV Asset Management’s holdings in SPS Commerce were worth $5,998,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in SPS Commerce during the 3rd quarter valued at about $28,000. UMB Bank n.a. increased its stake in shares of SPS Commerce by 60.6% during the second quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SPS Commerce by 41.1% during the second 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 last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after purchasing an additional 112 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPSC. Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 price objective (down previously from $150.00) on shares of SPS Commerce in a research report on Friday, October 31st. Weiss Ratings downgraded SPS Commerce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Citigroup lowered their price target on SPS Commerce from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Northland Securities set a $109.00 price objective on shares of SPS Commerce in a research report on Friday, October 31st. Finally, Wall Street Zen cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $106.80.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $91.24 on Friday. SPS Commerce, Inc. has a 1 year low of $73.05 and a 1 year high of $197.59. The company has a market cap of $3.44 billion, a P/E ratio of 40.91 and a beta of 0.58. The stock’s fifty day moving average price is $86.56 and its 200-day moving average price is $105.02.

SPS Commerce (NASDAQ:SPSC) last issued its 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. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The business had revenue of $189.90 million during the quarter, compared to analyst estimates of $192.68 million. During the same quarter in the previous year, the firm earned $0.92 EPS. SPS Commerce’s revenue was up 16.0% on a year-over-year basis. 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, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Activity at SPS Commerce

In other news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the completion of the transaction, the director directly owned 9,158 shares of the company’s stock, valued at $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by corporate insiders.

SPS Commerce Company 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.