American Capital Management Inc. Makes New $4.23 Million Investment in SPS Commerce, Inc. $SPSC

Key Points

• American Capital Management initiated a $4.23 million stake in SPS Commerce during the second quarter, acquiring 73,958 shares and owning approximately 0.21% of the company. Institutional investors collectively hold 98.96% of SPS Commerce shares.
• SPS Commerce reported quarterly EPS of $1.27, beating analysts’ $1.09 estimate, while revenue rose 5.6% year over year to $197.81 million. Management guided for third-quarter 2026 EPS of $1.20–$1.23 and full-year EPS of $4.84–$4.93.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $77.10, below its reported trading price of $80.48.

American Capital Management Inc. bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 73,958 shares of the software maker's stock, valued at approximately $4,228,000. American Capital Management Inc. owned 0.21% of SPS Commerce at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPSC. Advisors Asset Management Inc. grew its stake in SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of SPS Commerce by 7.1% during the 4th quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker's stock worth $208,000 after acquiring an additional 155 shares in the last quarter. State of Wyoming lifted its holdings in shares of SPS Commerce by 10.8% in the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker's stock worth $160,000 after acquiring an additional 174 shares during the last quarter. State of Tennessee Department of Treasury grew its position in SPS Commerce by 1.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker's stock worth $1,557,000 after acquiring an additional 175 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after buying an additional 191 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Down 0.1%

NASDAQ SPSC opened at $80.48 on Thursday. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $114.87. The stock has a market cap of $2.90 billion, a PE ratio of 38.88 and a beta of 0.53. The stock's 50 day moving average is $66.83 and its 200 day moving average is $60.62.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The business had revenue of $197.81 million for the quarter, compared to analysts' expectations of $195.46 million. During the same period in the prior year, the firm earned $1.00 EPS. The company's revenue for the quarter 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. On average, analysts forecast that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SPSC shares. Zacks Research upgraded shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. DA Davidson set a $65.00 price objective on SPS Commerce in a report on Friday, July 31st. Weiss Ratings raised shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, SPS Commerce currently has an average rating of "Hold" and a consensus price target of $77.10.

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.

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