Walleye Capital LLC Increases Stock Holdings in SPS Commerce, Inc. $SPSC

Walleye Capital LLC boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1,749.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,635 shares of the software maker’s stock after buying an additional 432,886 shares during the period. Walleye Capital LLC’s holdings in SPS Commerce were worth $25,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of SPS Commerce during the third quarter worth about $32,000. Global Retirement Partners LLC increased its holdings in shares of SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock valued at $40,000 after acquiring an additional 426 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of SPS Commerce during the fourth quarter valued at about $45,000. Finally, Park Place Capital Corp raised its position in shares of SPS Commerce by 29.7% in the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock valued at $50,000 after purchasing an additional 129 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPSC has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley lowered shares of SPS Commerce from an “overweight” rating to an “underweight” rating and cut their price target for the company from $70.00 to $57.00 in a research note on Tuesday. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Stifel Nicolaus set a $60.00 price objective on shares of SPS Commerce in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $75.82.

SPS Commerce Stock Down 3.1%

Shares of NASDAQ:SPSC opened at $60.12 on Thursday. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $141.98. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 25.05 and a beta of 0.56. The business has a 50-day moving average price of $57.01 and a 200-day moving average price of $63.40.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.50 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 3.43 EPS for the current fiscal year.

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.