180,912 Shares in SPS Commerce, Inc. $SPSC Bought by Long Path Partners LP

Long Path Partners LP acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 180,912 shares of the software maker's stock, valued at approximately $10,343,000. SPS Commerce accounts for approximately 4.4% of Long Path Partners LP's investment portfolio, making the stock its 6th biggest position. Long Path Partners LP owned approximately 0.49% of SPS Commerce at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SPSC. NewEdge Advisors LLC increased its stake in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of SPS Commerce in the 3rd quarter worth about $32,000. Advisors Asset Management Inc. lifted its position 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 buying an additional 112 shares during the last quarter. Global Retirement Partners LLC boosted 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 valued at $40,000 after buying an additional 426 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of SPS Commerce in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SPSC shares. Cantor Fitzgerald reiterated 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. Needham & Company LLC restated a "buy" rating on shares of SPS Commerce in a research note on Tuesday, July 28th. Citigroup reaffirmed a "buy" rating and set a $82.00 target price (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. DA Davidson set a $65.00 price target on SPS Commerce in a research report on Friday, July 31st. Finally, Zacks Research raised SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, SPS Commerce currently has a consensus rating of "Hold" and an average price target of $74.60.

SPS Commerce Stock Performance

SPS Commerce stock opened at $79.40 on Friday. The company has a 50-day simple moving average of $62.87 and a 200-day simple moving average of $61.22. The firm has a market capitalization of $2.86 billion, a P/E ratio of 38.36 and a beta of 0.53. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $117.37.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $197.81 million for the quarter, compared to analysts' expectations of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company 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 forecast that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

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.

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