Vontobel Holding Ltd. Has $918,000 Position in SPS Commerce, Inc. $SPSC

Vontobel Holding Ltd. cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,745 shares of the software maker’s stock after selling 625 shares during the quarter. Vontobel Holding Ltd.’s holdings in SPS Commerce were worth $918,000 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 increased its holdings in shares of SPS Commerce by 11.8% during the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock worth $43,991,000 after acquiring an additional 34,859 shares during the last quarter. KBC Group NV increased its holdings in shares of SPS Commerce by 8.1% during the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock worth $219,000 after acquiring an additional 124 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SPS Commerce during the 1st quarter worth approximately $1,045,000. Royal Bank of Canada increased its holdings in shares of SPS Commerce by 4.8% during the 1st quarter. Royal Bank of Canada now owns 258,395 shares of the software maker’s stock worth $34,296,000 after acquiring an additional 11,859 shares during the last quarter. Finally, Select Equity Group L.P. increased its holdings in shares of SPS Commerce by 511.3% during the 1st quarter. Select Equity Group L.P. now owns 47,985 shares of the software maker’s stock worth $6,369,000 after acquiring an additional 40,135 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $106.89 on Monday. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $201.06. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 49.03 and a beta of 0.69. The stock has a fifty day moving average price of $108.98 and a 200-day moving average price of $127.56.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping 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 business had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. During the same period in the prior year, the company earned $0.80 EPS. SPS Commerce’s revenue for the quarter 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. Research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPSC shares. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of SPS Commerce in a research note on Wednesday, September 24th. Stifel Nicolaus reduced 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. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of SPS Commerce in a research note on Wednesday, October 8th. Finally, Morgan Stanley reduced their price target on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus 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.