SPS Commerce, Inc. $SPSC Shares Bought by State Street Corp

Key Points

• State Street increased its SPS Commerce stake by 3.1% in the second quarter, adding 45,886 shares to own 1.55 million shares valued at approximately $88.4 million. Institutional investors and hedge funds collectively own 98.96% of the company.
• SPS Commerce exceeded quarterly expectations, reporting $1.27 in EPS versus the $1.09 consensus and revenue of $197.81 million versus estimates of $195.46 million. Revenue rose 5.6% year over year, and the company issued fiscal 2026 EPS guidance of $4.84–$4.93.
• Analysts remain cautious overall, with the stock carrying a consensus “Hold” rating and an average price target of $77.10, below its reported market price of $82.69.

State Street Corp lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,545,696 shares of the software maker's stock after acquiring an additional 45,886 shares during the period. State Street Corp owned 4.29% of SPS Commerce worth $88,367,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in SPS Commerce during the second quarter worth approximately $339,259,000. Jupiter Topco LLC purchased a new stake in shares of SPS Commerce during the 2nd quarter valued at $56,260,000. Bank of America Corp DE increased its holdings in shares of SPS Commerce by 3.3% during the 1st quarter. Bank of America Corp DE now owns 998,622 shares of the software maker's stock worth $55,593,000 after buying an additional 31,434 shares during the last quarter. Norges Bank acquired a new stake in shares of SPS Commerce during the 4th quarter worth $49,883,000. Finally, Irenic Capital Management LP purchased a new position in shares of SPS Commerce in the 4th quarter worth $40,293,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $82.69 on Friday. The firm has a 50-day moving average of $76.54 and a two-hundred day moving average of $63.54. The stock has a market cap of $2.98 billion, a P/E ratio of 39.95 and a beta of 0.51. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $114.87.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its 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. The business had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. 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, equities analysts expect that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

SPSC has been the subject of a number of research reports. DA Davidson set a $65.00 price target on SPS Commerce in a research report on Friday, July 31st. Citigroup reaffirmed a "buy" rating and issued a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Zacks Research upgraded SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set 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 assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $77.10.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions that help retailers, suppliers, distributors and other trading partners manage commerce operations. Its platform is designed to connect businesses and automate the exchange of critical information across supply chain and retail processes.

The company's products and services support functions including electronic data interchange, order management, inventory and product information management, fulfillment, invoicing, analytics and supplier onboarding.

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