Nordea Investment Management AB Sells 38,181 Shares of SPS Commerce, Inc. $SPSC

Nordea Investment Management AB trimmed its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 2.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,292,056 shares of the software maker’s stock after selling 38,181 shares during the quarter. Nordea Investment Management AB’s holdings in SPS Commerce were worth $135,240,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SPSC. Norges Bank bought a new position in SPS Commerce in the second quarter valued at approximately $57,540,000. Disciplined Growth Investors Inc. MN raised its holdings in shares of SPS Commerce by 188.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock worth $57,855,000 after acquiring an additional 277,499 shares during the period. Walleye Capital LLC bought a new stake in SPS Commerce in the 2nd quarter valued at $20,250,000. Tran Capital Management L.P. acquired a new position in SPS Commerce in the 3rd quarter worth $15,370,000. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in SPS Commerce by 82.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 236,886 shares of the software maker’s stock worth $24,669,000 after purchasing an additional 106,954 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SPS Commerce

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

SPS Commerce Stock Down 3.6%

SPSC stock opened at $92.00 on Wednesday. The business has a 50 day moving average price of $86.14 and a two-hundred day moving average price of $105.21. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 41.26 and a beta of 0.58. SPS Commerce, Inc. has a twelve month low of $73.05 and a twelve month high of $197.59.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) 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 company had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $192.68 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. 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 anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SPSC. Northland Capmk upgraded SPS Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird set a $104.00 price target on SPS Commerce in a research 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. Finally, DA Davidson cut their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Hold” and a consensus price target of $106.80.

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.