BlackRock Inc. Takes $339.26 Million Position in SPS Commerce, Inc. $SPSC

BlackRock Inc. acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,934,211 shares of the software maker’s stock, valued at approximately $339,259,000. BlackRock Inc. owned 0.16% of SPS Commerce at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of SPS Commerce by 7.1% during the fourth quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker’s stock valued at $208,000 after acquiring an additional 155 shares in the last quarter. State of Wyoming grew its stake in shares of SPS Commerce by 10.8% during the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock valued at $160,000 after acquiring an additional 174 shares in the last quarter. State of Tennessee Department of Treasury increased its position in shares of SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 175 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

SPSC has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Citigroup reaffirmed a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. Finally, Stifel Nicolaus set a $70.00 target price on SPS Commerce and gave the stock a “hold” rating 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.10.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $80.56 on Wednesday. SPS Commerce, Inc. has a 1 year low of $49.04 and a 1 year high of $114.87. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 38.92 and a beta of 0.53. The business has a fifty day moving average of $66.28 and a 200-day moving average of $60.61.

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