Bank of New York Mellon Corp Acquires New Shares in SPS Commerce, Inc. $SPSC

Key Points

• Bank of New York Mellon acquired 275,175 SPS Commerce shares in the second quarter, worth approximately $15.7 million and representing 0.76% of the company. Institutional investors collectively own 98.96% of SPSC.
• SPS Commerce exceeded quarterly expectations, reporting $1.27 in earnings per share on $197.81 million in revenue, with revenue up 5.6% year over year. The company issued Q3 and full-year 2026 earnings guidance.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and a $77.10 target price, while shares recently opened at $85.40.

Bank of New York Mellon Corp acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 275,175 shares of the software maker's stock, valued at approximately $15,732,000. Bank of New York Mellon Corp owned 0.76% of SPS Commerce at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in shares of SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after purchasing an additional 191 shares during the period. Advisory Services Network LLC purchased a new position in SPS Commerce during the third quarter valued at approximately $32,000. Global Retirement Partners LLC increased its holdings in SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker's stock valued at $40,000 after buying an additional 426 shares during the period. Summit Securities Group LLC bought a new position in SPS Commerce in the fourth quarter worth approximately $45,000. Finally, Leonteq Securities AG bought a new position in SPS Commerce in the fourth quarter worth approximately $52,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Price Performance

Shares of SPSC stock opened at $85.40 on Tuesday. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $114.87. The stock's fifty day moving average price is $68.70 and its 200 day moving average price is $60.79. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 41.26 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The company had revenue of $197.81 million during the quarter, compared to analysts' expectations of $195.46 million. During the same period last year, the business posted $1.00 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SPSC. DA Davidson set a $65.00 target price on SPS Commerce in a research report on Friday, July 31st. Zacks Research raised SPS Commerce from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Citigroup reiterated a "buy" rating and issued a $82.00 target price (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $70.00 price target (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $77.10.

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.

Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source