Corient Private Wealth LP Invests $1.78 Million in SPS Commerce, Inc. $SPSC

Key Points

• Corient Private Wealth acquired 31,193 shares of SPS Commerce worth approximately $1.78 million, representing about 0.09% of the company. Institutional investors and hedge funds collectively own 98.96% of SPSC.
• SPS Commerce exceeded quarterly expectations, reporting $1.27 in EPS versus the $1.09 consensus and revenue of $197.81 million, up 5.6% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $77.10, below the reported share price of $84.21.

Corient Private Wealth LP bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 31,193 shares of the software maker's stock, valued at approximately $1,783,000. Corient Private Wealth LP owned approximately 0.09% of SPS Commerce as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SPSC. Bessemer Group Inc. raised its stake in SPS Commerce by 1,149.1% during the fourth quarter. Bessemer Group Inc. now owns 98,208 shares of the software maker's stock valued at $8,753,000 after buying an additional 90,346 shares in the last quarter. Bank of America Corp DE grew its position in shares of SPS Commerce by 3.3% in the 1st quarter. Bank of America Corp DE now owns 998,622 shares of the software maker's stock worth $55,593,000 after acquiring an additional 31,434 shares in the last quarter. Summit Global Investments acquired a new position in shares of SPS Commerce in the 2nd quarter worth approximately $828,000. BlackRock Inc. bought a new stake in shares of SPS Commerce in the 2nd quarter valued at approximately $339,259,000. Finally, Irenic Capital Management LP increased its holdings in shares of SPS Commerce by 32.2% in the 1st quarter. Irenic Capital Management LP now owns 597,704 shares of the software maker's stock valued at $33,274,000 after acquiring an additional 145,638 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Trading Up 1.7%

NASDAQ:SPSC opened at $84.21 on Friday. The stock has a 50 day moving average of $70.38 and a 200-day moving average of $61.18. The firm has a market capitalization of $3.03 billion, a PE ratio of 40.68 and a beta of 0.51. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $114.87.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $195.46 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The business's revenue for the quarter 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. As a group, analysts predict that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPSC. Wall Street Zen cut SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. DA Davidson set a $65.00 target price on shares of SPS Commerce in a research note on Friday, July 31st. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Morgan Stanley reissued an "underweight" rating and set a $59.00 target price (up from $57.00) on shares of SPS Commerce in a report on Friday, July 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $70.00 price target (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. One equities 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's stock. According to MarketBeat, SPS Commerce has a consensus rating of "Hold" and an average 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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