2,772 Shares in SPS Commerce, Inc. $SPSC Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC acquired 2,772 shares of SPS Commerce, Inc., valued at approximately $392,000, highlighting increased institutional interest in the company.
• SPS Commerce reported strong earnings, with a 22% year-over-year revenue increase and an EPS of $1.00, surpassing analyst expectations.
• Several brokerages have adjusted their price targets for SPS Commerce, with the consensus target now at $156.70, indicating a mix of "Buy" and "Hold" ratings from analysts.

Wealth Enhancement Advisory Services LLC purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 2,772 shares of the software maker's stock, valued at approximately $392,000.

A number of other large investors also recently made changes to their positions in SPSC. NewEdge Advisors LLC grew its position in shares of SPS Commerce by 545.7% in 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 during the period. Allworth Financial LP boosted its stake in SPS Commerce by 296.6% in the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after buying an additional 175 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in SPS Commerce by 105.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock valued at $40,000 after buying an additional 155 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of SPS Commerce by 41.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker's stock valued at $43,000 after acquiring an additional 92 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of SPS Commerce during the 1st quarter worth about $52,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $107.23 on Tuesday. The firm has a 50-day moving average of $110.27 and a two-hundred day moving average of $128.35. The stock has a market cap of $4.07 billion, a P/E ratio of 49.19 and a beta of 0.69. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $201.06.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $0.80 EPS. The business'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. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on SPSC. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SPS Commerce in a research report on Saturday, September 27th. Cantor Fitzgerald dropped their price objective on SPS Commerce from $170.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, September 24th. Morgan Stanley reduced their target price on SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus dropped their price target on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded SPS Commerce from a "hold" rating to a "buy" rating in a report on Monday. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $156.70.

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.

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