Long Path Partners LP Buys New Stake in SPS Commerce, Inc. $SPSC

Long Path Partners LP bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, Holdings Channel reports. The firm bought 180,912 shares of the software maker’s stock, valued at approximately $10,343,000. SPS Commerce comprises approximately 4.4% of Long Path Partners LP’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. UBS Group AG grew its stake in shares of SPS Commerce by 182.3% in the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after purchasing an additional 836,407 shares in the last quarter. Norges Bank bought a new stake in shares of SPS Commerce during the fourth quarter valued at about $49,883,000. Irenic Capital Management LP acquired a new stake in SPS Commerce in the fourth quarter worth about $40,293,000. Walleye Capital LLC lifted its holdings in SPS Commerce by 1,749.1% in the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock worth $25,477,000 after purchasing an additional 432,886 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position 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 valued at $82,528,000 after buying an additional 367,346 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SPSC. Wall Street Zen cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Needham & Company LLC reaffirmed a “buy” rating on shares of SPS Commerce in a research note on Tuesday, July 28th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and set a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, DA Davidson set a $65.00 target price on SPS Commerce in a 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Hold” and an average price target of $74.60.

SPS Commerce Stock Up 0.0%

Shares of SPS Commerce stock opened at $79.40 on Friday. The business has a fifty day simple moving average of $62.87 and a 200-day simple moving average of $61.22. SPS Commerce, Inc. has a fifty-two week low of $49.04 and a fifty-two week high of $117.37. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 38.36 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC) last released 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 firm 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%.SPS Commerce’s revenue 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. Analysts anticipate that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.

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.