Quantinno Capital Management LP Boosts Holdings in SPS Commerce, Inc. $SPSC

Quantinno Capital Management LP raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 399.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 62,260 shares of the software maker’s stock after acquiring an additional 49,782 shares during the quarter. Quantinno Capital Management LP’s holdings in SPS Commerce were worth $3,466,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the period. State of Alaska Department of Revenue raised its position in SPS Commerce by 0.6% in the fourth 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 in the last quarter. Evergreen Capital Management LLC raised its position in SPS Commerce by 7.1% in the fourth quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker’s stock worth $208,000 after acquiring an additional 155 shares in the last quarter. State of Wyoming lifted its holdings in SPS Commerce by 10.8% in the fourth 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 during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in SPS Commerce by 1.0% in the fourth 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 during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Up 2.0%

SPS Commerce stock opened at $73.38 on Friday. The firm has a market capitalization of $2.64 billion, a PE ratio of 35.45 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. The firm’s 50-day simple moving average is $60.86 and its 200 day simple moving average is $61.70.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.18. The firm had revenue of $197.81 million during 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 firm’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 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. On average, research analysts expect that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPSC. Weiss Ratings upgraded shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Needham & Company LLC reissued a “buy” rating on shares of SPS Commerce in a research note on Tuesday, July 28th. Morgan Stanley reissued an “underweight” rating and set a $59.00 price target (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. DA Davidson set a $65.00 price objective on SPS Commerce in a research note on Friday, July 31st. Finally, Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the stock a “hold” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.