Van Hulzen Asset Management LLC Takes Position in SPS Commerce, Inc. $SPSC

Van Hulzen Asset Management LLC bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,835 shares of the software maker’s stock, valued at approximately $677,000.

A number of other institutional investors have also recently bought and sold shares of SPSC. BlackRock Inc. acquired a new position in SPS Commerce during the second quarter worth approximately $339,259,000. UBS Group AG boosted its holdings in shares of SPS Commerce by 182.3% in the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after purchasing an additional 836,407 shares during the last quarter. Norges Bank acquired a new position in shares of SPS Commerce in the 4th quarter valued at $49,883,000. Irenic Capital Management LP purchased a new stake in shares of SPS Commerce during the 4th quarter valued at $40,293,000. Finally, Walleye Capital LLC grew its stake in shares of SPS Commerce by 1,749.1% during the 1st quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock valued at $25,477,000 after buying an additional 432,886 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on SPSC shares. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. DA Davidson set a $65.00 price target on SPS Commerce in a research report on Friday, July 31st. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the stock a “hold” rating in a report on Friday, July 31st. Finally, Zacks Research raised SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, SPS Commerce currently has a consensus rating of “Hold” and an average target price of $77.10.

SPS Commerce Trading Up 0.3%

NASDAQ:SPSC opened at $81.35 on Tuesday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 39.30 and a beta of 0.53. The firm’s fifty day simple moving average is $65.77 and its 200 day simple moving average is $60.62. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $116.00.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The firm had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. During the same period in the prior year, the company earned $1.00 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. 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. On average, analysts predict that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

About SPS Commerce

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.