SPS Commerce, Inc. $SPSC Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its SPS Commerce stake by 3.3% in the first quarter, adding 31,434 shares to own 998,622 shares worth approximately $55.6 million, or 2.72% of the company.
• SPS Commerce reported quarterly EPS of $1.27, surpassing the $1.09 consensus estimate, while revenue reached $197.81 million, up 5.6% year over year and above expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $74.60 target price; the stock opened at $74.91 and institutional investors own 98.96% of shares.

Bank of America Corp DE grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 998,622 shares of the software maker's stock after purchasing an additional 31,434 shares during the quarter. Bank of America Corp DE owned approximately 2.72% of SPS Commerce worth $55,593,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPSC. NewEdge Advisors LLC lifted its stake in 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 buying an additional 191 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of SPS Commerce in the 3rd quarter worth about $32,000. Global Retirement Partners LLC lifted its position in SPS Commerce by 2,130.0% in the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker's stock valued at $40,000 after purchasing an additional 426 shares during the last quarter. Summit Securities Group LLC bought a new stake in SPS Commerce in the 4th quarter valued at about $45,000. Finally, Leonteq Securities AG acquired a new position in SPS Commerce during the 4th quarter valued at about $52,000. Institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of SPSC opened at $74.91 on Wednesday. The firm's 50 day moving average is $61.51 and its 200-day moving average is $61.28. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $117.37. The stock has a market capitalization of $2.70 billion, a P/E ratio of 36.19 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. The business had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The business's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. 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 forecast that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPSC has been the subject of a number of analyst reports. Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Morgan Stanley restated an "underweight" rating and set a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the company a "neutral" rating in a research report on Thursday, April 16th. Cantor Fitzgerald reissued a "neutral" rating and set a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, SPS Commerce presently has a consensus rating of "Hold" and a consensus target price of $74.60.

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.

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