Ewing Morris & Co. Investment Partners Ltd. Acquires Shares of 35,243 SPS Commerce, Inc. $SPSC

Key Points

• Ewing Morris & Co. Investment Partners acquired 35,243 SPS Commerce shares worth approximately $2.02 million, giving it a 0.10% stake and making the stock its 25th-largest holding.
• Institutional ownership remains very high at 98.96%, with several other hedge funds and investment firms initiating or increasing positions during the second quarter.
• Analysts have a consensus “Hold” rating and a $77.10 price target, despite SPS Commerce exceeding quarterly EPS and revenue estimates; shares opened at $82.82.

Ewing Morris & Co. Investment Partners Ltd. purchased a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,243 shares of the software maker's stock, valued at approximately $2,015,000. SPS Commerce accounts for about 1.0% of Ewing Morris & Co. Investment Partners Ltd.'s holdings, making the stock its 25th largest holding. Ewing Morris & Co. Investment Partners Ltd. owned 0.10% of SPS Commerce as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPSC. Nykredit A S acquired a new stake in shares of SPS Commerce in the second quarter worth $120,000. Proficio Capital Partners LLC acquired a new stake in shares of SPS Commerce during the 2nd quarter valued at about $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of SPS Commerce by 1.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,896 shares of the software maker's stock valued at $5,825,000 after purchasing an additional 1,008 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of SPS Commerce in the 2nd quarter valued at about $265,000. Finally, Capstone Investment Advisors LLC purchased a new position in SPS Commerce during the second quarter worth approximately $261,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SPSC shares. Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the company a "hold" rating in a research report on Friday, July 31st. 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. Citigroup restated a "buy" rating and issued a $82.00 target price (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $70.00 price target (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, Zacks Research upgraded SPS Commerce from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, SPS Commerce has a consensus rating of "Hold" and a consensus price target of $77.10.

SPS Commerce Stock Down 0.1%

Shares of NASDAQ:SPSC opened at $82.82 on Thursday. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $114.87. The business has a fifty day moving average of $69.81 and a two-hundred day moving average of $61.02. The stock has a market cap of $2.98 billion, a P/E ratio of 40.01 and a beta of 0.51.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced 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 net margin of 10.10% and a return on equity of 13.04%. The firm had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. SPS Commerce's quarterly 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, equities analysts anticipate that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

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.

Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.