Summit Global Investments Buys New Position in SPS Commerce, Inc. $SPSC

Summit Global Investments bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,478 shares of the software maker’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of SPS Commerce during the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. grew its stake in shares of SPS Commerce by 39.9% in the 1st 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. Global Retirement Partners LLC raised its holdings in shares of SPS Commerce by 2,130.0% in the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after purchasing an additional 426 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of SPS Commerce in the 4th quarter worth approximately $45,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Up 0.0%

SPSC stock opened at $79.40 on Friday. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $117.37. The firm has a 50-day moving average of $62.87 and a two-hundred day moving average of $61.22. The firm has a market capitalization of $2.86 billion, a PE ratio of 38.36 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.18. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The business had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. During the same period last year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. 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 anticipate that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the subject of a number of research reports. Stifel Nicolaus set a $70.00 target price on shares of SPS Commerce and gave the stock a “hold” rating in a report on Friday, July 31st. DA Davidson set a $65.00 price target on SPS Commerce in a report on Friday, July 31st. Citigroup reaffirmed a “buy” rating and issued a $82.00 price target (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Morgan Stanley reissued an “underweight” rating and set a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of “Hold” and an average price target of $74.60.

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.