Summit Global Investments Invests $828,000 in SPS Commerce, Inc. $SPSC

Summit Global Investments purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, Holdings Channel reports. The institutional investor purchased 14,478 shares of the software maker’s stock, valued at approximately $828,000.

Several other large investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares in the last quarter. State of Alaska Department of Revenue boosted its position in SPS Commerce by 0.6% during the 4th quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock worth $1,870,000 after acquiring an additional 126 shares during the period. Evergreen Capital Management LLC grew its stake in SPS Commerce by 7.1% during the 4th quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker’s stock valued at $208,000 after acquiring an additional 155 shares in the last quarter. State of Wyoming grew its stake in SPS Commerce by 10.8% during the 4th quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock valued at $160,000 after acquiring an additional 174 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in SPS Commerce by 1.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock valued at $1,557,000 after acquiring an additional 175 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

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

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The company had revenue of $197.81 million during the quarter, compared to the consensus estimate of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. 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, research analysts expect that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPSC. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. DA Davidson set a $65.00 price target on shares of SPS Commerce in a report on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating on shares of SPS Commerce in a research report on Tuesday, July 28th. Morgan Stanley reiterated an “underweight” rating and issued a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, Stifel Nicolaus set a $70.00 target price on shares of SPS Commerce and gave the stock a “hold” rating in a research report on Friday, July 31st. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Hold” and a consensus target price of $74.60.

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.