Assenagon Asset Management S.A. Has $1.42 Million Stock Position in SPS Commerce, Inc. $SPSC

Key Points

• Assenagon Asset Management cut its SPS Commerce stake by 88.3% in the second quarter, selling 186,577 shares and retaining 24,830 shares worth approximately $1.42 million.
• SPS Commerce reported quarterly EPS of $1.27, beating estimates of $1.09, while revenue rose 5.6% year over year to $197.81 million. The company issued fiscal 2026 EPS guidance of $4.84–$4.93.
• Institutional investors own 98.96% of the stock, while analysts maintain a mixed outlook: SPS Commerce has an overall “Hold” rating and an average price target of $74.60, below its reported $79.40 share price.

Assenagon Asset Management S.A. reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 88.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,830 shares of the software maker's stock after selling 186,577 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of SPS Commerce worth $1,420,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG lifted its position in SPS Commerce by 182.3% in the 4th 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 in the last quarter. Norges Bank acquired a new position in SPS Commerce in the 4th quarter valued at about $49,883,000. Irenic Capital Management LP bought a new position in shares of SPS Commerce during the fourth quarter worth approximately $40,293,000. Walleye Capital LLC lifted its holdings in shares of SPS Commerce by 1,749.1% during the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker's stock worth $25,477,000 after buying an additional 432,886 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in SPS Commerce by 86.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker's stock worth $82,528,000 after purchasing an additional 367,346 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Up 0.0%

NASDAQ:SPSC opened at $79.40 on Friday. The firm's fifty day simple moving average is $62.87 and its 200 day simple moving average is $61.22. The stock has a market cap of $2.86 billion, a P/E ratio of 38.36 and a beta of 0.53. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $117.37.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPSC. Citigroup restated a "buy" rating and issued a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. Morgan Stanley reissued an "underweight" rating and issued a $59.00 price target (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Weiss Ratings raised shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Needham & Company LLC restated a "buy" rating on shares of SPS Commerce in a research note on Tuesday, July 28th. Finally, Zacks Research raised SPS Commerce from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, SPS Commerce presently has an average rating of "Hold" and an average price target of $74.60.

SPS Commerce Company 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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