Walleye Capital LLC Invests $10.31 Million in SPS Commerce, Inc. $SPSC

Walleye Capital LLC bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 180,335 shares of the software maker’s stock, valued at approximately $10,310,000.

Several other large investors have also recently bought and sold shares of SPSC. Bessemer Group Inc. lifted its holdings in SPS Commerce by 1,149.1% during the 4th quarter. Bessemer Group Inc. now owns 98,208 shares of the software maker’s stock worth $8,753,000 after buying an additional 90,346 shares during the last quarter. VELA Investment Management LLC purchased a new position in shares of SPS Commerce in the 4th quarter valued at about $1,798,000. Bank of America Corp DE increased its holdings in shares of SPS Commerce by 3.3% in the 1st quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock valued at $55,593,000 after acquiring an additional 31,434 shares during the last quarter. UBS Group AG raised its position in shares of SPS Commerce by 182.3% during the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after acquiring an additional 836,407 shares in the last quarter. Finally, Irenic Capital Management LP acquired a new stake in shares of SPS Commerce during the 4th quarter worth about $40,293,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SPSC shares. Weiss Ratings raised SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. DA Davidson set a $65.00 price objective on shares of SPS Commerce in a report on Friday, July 31st. Needham & Company LLC restated a “buy” rating on shares of SPS Commerce in a research report on Tuesday, July 28th. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Stifel Nicolaus set a $70.00 target price on shares of SPS Commerce and gave the company 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.60.

SPS Commerce Stock Performance

SPSC opened at $79.40 on Friday. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $117.37. The stock has a market capitalization of $2.86 billion, a P/E ratio of 38.36 and a beta of 0.53. The business’s 50-day simple moving average is $62.87 and its 200-day simple moving average is $61.22.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. The firm had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, equities research analysts forecast that SPS Commerce, Inc. will post 3.56 EPS 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.