Headlands Technologies LLC cut its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 38.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,345 shares of the software maker’s stock after selling 8,229 shares during the period. Headlands Technologies LLC’s holdings in SPS Commerce were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in SPSC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of SPS Commerce by 1.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,896 shares of the software maker’s stock valued at $5,825,000 after buying an additional 1,008 shares during the period. Empowered Funds LLC purchased a new stake in SPS Commerce in the second quarter worth about $265,000. Capstone Investment Advisors LLC purchased a new stake in SPS Commerce in the second quarter worth about $261,000. One68 Global Capital LLC bought a new position in SPS Commerce during the 2nd quarter worth about $229,000. Finally, Proficio Capital Partners LLC bought a new position in SPS Commerce during the 2nd quarter worth about $273,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $70.00 price target on shares of SPS Commerce and gave the company a “hold” rating in a report on Friday, July 31st. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $77.10.
SPS Commerce Stock Performance
Shares of SPS Commerce stock opened at $82.93 on Wednesday. The company has a market capitalization of $2.99 billion, a PE ratio of 40.06 and a beta of 0.51. The company has a 50-day simple moving average of $69.26 and a two-hundred day simple moving average of $60.90. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $114.87.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The business had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same period in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue 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, equities analysts predict that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.
SPS Commerce 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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