Renaissance Technologies LLC Makes New Investment in SPS Commerce, Inc. $SPSC

Renaissance Technologies LLC acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the first quarter, HoldingsChannel reports. The firm acquired 99,360 shares of the software maker’s stock, valued at approximately $5,531,000.

A number of other institutional investors have also modified their holdings of SPSC. NewEdge Advisors LLC grew its holdings in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares during the period. Advisory Services Network LLC acquired a new position in SPS Commerce during the third quarter valued at approximately $32,000. Global Retirement Partners LLC lifted its position in SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock valued at $40,000 after buying an additional 426 shares in the last quarter. Summit Securities Group LLC purchased a new stake in SPS Commerce during the fourth quarter worth approximately $45,000. Finally, Leonteq Securities AG purchased a new stake in SPS Commerce during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Needham & Company LLC reissued a “buy” rating on shares of SPS Commerce in a research report on Tuesday, July 28th. Morgan Stanley restated an “underweight” rating and issued a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Rothschild & Co Redburn set a $60.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Citigroup reaffirmed a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.60.

SPS Commerce Stock Down 2.2%

NASDAQ:SPSC opened at $72.63 on Thursday. The company has a market cap of $2.61 billion, a PE ratio of 35.09 and a beta of 0.53. The business’s 50 day moving average is $60.16 and its two-hundred day moving average is $61.74. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $117.37.

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, beating analysts’ consensus estimates of $1.09 by $0.18. The business had revenue of $197.81 million during the quarter, compared to the consensus estimate of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal 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.