Walleye Capital LLC Takes $10.31 Million Position in SPS Commerce, Inc. $SPSC

Key Points

• Walleye Capital acquired 180,335 SPS Commerce shares worth approximately $10.31 million, representing a 0.49% stake. Institutional investors collectively own 98.96% of the company.
• SPS Commerce exceeded quarterly expectations, reporting $1.27 in EPS versus the $1.09 consensus and $197.81 million in revenue, up 5.6% year over year. The company guided for third-quarter 2026 EPS of $1.20–$1.23 and full-year EPS of $4.84–$4.93.
• SPSC shares opened at $79.40, above the analyst consensus target of $74.60. Analyst sentiment remains mixed, with a consensus rating of Hold.

Walleye Capital LLC acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 180,335 shares of the software maker's stock, valued at approximately $10,310,000. Walleye Capital LLC owned 0.49% of SPS Commerce at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SPSC. UBS Group AG boosted its holdings in SPS Commerce by 182.3% during 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 during the period. Norges Bank acquired a new position in SPS Commerce in the 4th quarter valued at about $49,883,000. Irenic Capital Management LP purchased a new stake in SPS Commerce during the fourth quarter worth about $40,293,000. Disciplined Growth Investors Inc. MN increased its stake in SPS Commerce by 86.4% during the third 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 during the period. Finally, Lightrock Netherlands B.V. lifted its position in shares of SPS Commerce by 432.8% during the first quarter. Lightrock Netherlands B.V. now owns 441,669 shares of the software maker's stock worth $24,588,000 after purchasing an additional 358,771 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

SPSC stock opened at $79.40 on Friday. The firm has a market capitalization of $2.86 billion, a P/E ratio of 38.36 and a beta of 0.53. The business's 50-day moving average is $62.87 and its two-hundred day moving average is $61.22. SPS Commerce, Inc. has a 1 year low of $49.04 and a 1 year high of $117.37.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping 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 the consensus estimate of $195.46 million. During the same period in the previous year, the company posted $1.00 earnings per share. The business'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 expect that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Analyst Ratings Changes

SPSC has been the subject of several recent research reports. Citigroup reissued 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. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Zacks Research upgraded shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. 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. Finally, Cantor Fitzgerald reissued 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 investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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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