Dimensional Fund Advisors LP Boosts Stock Position in SPS Commerce, Inc. $SPSC

Posted by on Aug 6th, 2026

Dimensional Fund Advisors LP boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 17.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 504,332 shares of the software maker’s stock after acquiring an additional 74,036 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SPS Commerce were worth $28,076,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in SPS Commerce by 182.3% during the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after purchasing an additional 836,407 shares in the last quarter. Norges Bank purchased a new stake in shares of SPS Commerce during the fourth quarter worth about $49,883,000. Irenic Capital Management LP purchased a new stake in shares of SPS Commerce during the fourth quarter worth about $40,293,000. Disciplined Growth Investors Inc. MN raised its position in shares of SPS Commerce by 86.4% during the 3rd 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 last quarter. Finally, Lightrock Netherlands B.V. raised its position in shares of SPS Commerce by 432.8% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Down 2.2%

Shares of NASDAQ SPSC opened at $72.63 on Thursday. The firm has a 50-day simple moving average of $60.16 and a 200-day simple moving average of $61.74. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 35.09 and a beta of 0.53. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $117.37.

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

Analyst Upgrades and Downgrades

SPSC has been the topic of several research analyst reports. DA Davidson set a $65.00 price objective on SPS Commerce in a report on Friday, July 31st. Weiss Ratings lowered SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Morgan Stanley restated an “underweight” rating and issued a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. Finally, Zacks Research raised SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.60.

View Our Latest Stock Analysis on SPSC

About SPS Commerce

(Free Report)

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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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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