15,030 Shares in SPS Commerce, Inc. $SPSC Purchased by Man Group plc

Man Group plc purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,030 shares of the software maker’s stock, valued at approximately $859,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after purchasing an additional 112 shares during the last quarter. State of Wyoming boosted its position 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 buying an additional 174 shares during the last quarter. State of Tennessee Department of Treasury boosted 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 valued at $1,557,000 after buying an additional 175 shares during the last quarter. NewEdge Advisors LLC grew its holdings in 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 buying an additional 191 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in SPS Commerce by 23.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,134 shares of the software maker’s stock valued at $101,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $84.21 on Friday. SPS Commerce, Inc. has a 1 year low of $49.04 and a 1 year high of $114.87. The firm has a market cap of $3.03 billion, a PE ratio of 40.68 and a beta of 0.51. The stock has a fifty day moving average price of $70.38 and a 200-day moving average price of $61.18.

SPS Commerce (NASDAQ:SPSC) last issued 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 company had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. During the same period in the previous year, the firm earned $1.00 EPS. The firm’s quarterly 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. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent analyst reports. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. One 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 given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.10.

SPS Commerce 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.