Envestnet Portfolio Solutions Inc. Has $592,000 Holdings in SPS Commerce, Inc. $SPSC

Envestnet Portfolio Solutions Inc. increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 14.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,347 shares of the software maker’s stock after purchasing an additional 560 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPS Commerce were worth $592,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of SPS Commerce by 11.8% during the first quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock worth $43,991,000 after purchasing an additional 34,859 shares during the period. KBC Group NV grew its stake in SPS Commerce by 8.1% in the first quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock valued at $219,000 after acquiring an additional 124 shares during the period. Johnson Investment Counsel Inc. grew its stake in SPS Commerce by 22.7% in the second quarter. Johnson Investment Counsel Inc. now owns 16,792 shares of the software maker’s stock valued at $2,285,000 after acquiring an additional 3,110 shares during the period. Royal Bank of Canada grew its stake in SPS Commerce by 4.8% in the first quarter. Royal Bank of Canada now owns 258,395 shares of the software maker’s stock valued at $34,296,000 after acquiring an additional 11,859 shares during the period. Finally, Select Equity Group L.P. grew its stake in SPS Commerce by 511.3% in the first quarter. Select Equity Group L.P. now owns 47,985 shares of the software maker’s stock valued at $6,369,000 after acquiring an additional 40,135 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of SPS Commerce in a research note on Wednesday, September 24th. Cantor Fitzgerald decreased their target price on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Stifel Nicolaus decreased their target price 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. Northland Securities set a $125.00 target price on SPS Commerce in a research note on Tuesday, September 30th. Finally, Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and decreased their target price for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $153.70.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $110.73 on Tuesday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 50.79 and a beta of 0.69. The stock’s 50-day moving average is $109.13 and its 200-day moving average is $126.56. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $201.06.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

About SPS Commerce

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.