11,701 Shares in SPS Commerce, Inc. $SPSC Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,701 shares of the software maker’s stock, valued at approximately $669,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in SPS Commerce during the 2nd quarter valued at $339,259,000. State Street Corp boosted its stake in SPS Commerce by 0.6% during the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock worth $130,871,000 after buying an additional 8,163 shares during the period. UBS Group AG increased its position in SPS Commerce by 182.3% during the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after acquiring an additional 836,407 shares during the last quarter. Bank of America Corp DE increased its position in SPS Commerce by 3.3% during the first quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock valued at $55,593,000 after acquiring an additional 31,434 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of SPS Commerce by 86.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock valued at $82,528,000 after acquiring an additional 367,346 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Trading Up 4.6%

Shares of SPSC opened at $84.20 on Friday. The firm has a fifty day moving average price of $67.46 and a 200-day moving average price of $60.65. The firm has a market capitalization of $3.03 billion, a P/E ratio of 40.68 and a beta of 0.53. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $114.87.

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

Analysts Set New Price Targets

SPSC has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $59.00 price target (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup restated a “buy” rating and set a $82.00 target price (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 company a “hold” rating in a research note 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, SPS Commerce has an average rating of “Hold” and a consensus target price 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.