Legal & General Group Plc Purchases New Shares in SPS Commerce, Inc. $SPSC

Legal & General Group Plc bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 110,484 shares of the software maker’s stock, valued at approximately $6,316,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPSC. Advisors Asset Management Inc. lifted its position in SPS Commerce by 39.9% during 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 during the period. State of Wyoming increased its holdings in shares of 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 purchasing an additional 174 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 175 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of SPS Commerce by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,134 shares of the software maker’s stock worth $101,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.1%

SPS Commerce stock opened at $82.82 on Thursday. The firm has a market capitalization of $2.98 billion, a PE ratio of 40.01 and a beta of 0.51. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $114.87. The firm’s 50-day simple moving average is $69.81 and its 200 day simple moving average is $61.02.

SPS Commerce (NASDAQ:SPSC) last released 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 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%.SPS Commerce’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business 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. On average, research analysts expect that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SPSC shares. Citigroup reaffirmed a “buy” rating and issued a $82.00 target price (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. DA Davidson set a $65.00 price target on shares of SPS Commerce in a report on Friday, July 31st. Morgan Stanley restated an “underweight” rating and issued a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. 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 given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $77.10.

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.