Van Hulzen Asset Management LLC Takes $677,000 Position in SPS Commerce, Inc. $SPSC

Van Hulzen Asset Management LLC bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,835 shares of the software maker’s stock, valued at approximately $677,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in SPS Commerce during the 2nd quarter worth $669,000. Ieq Capital LLC acquired a new position in SPS Commerce in the 2nd quarter worth $286,000. Allworth Financial LP purchased a new position in SPS Commerce in the 2nd quarter valued at about $45,000. Vise Technologies Inc. purchased a new position in SPS Commerce in the 2nd quarter valued at about $210,000. Finally, BlackRock Inc. acquired a new stake in shares of SPS Commerce during the second quarter valued at about $339,259,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 0.3%

Shares of NASDAQ SPSC opened at $81.35 on Tuesday. The firm’s 50-day moving average price is $65.77 and its two-hundred day moving average price is $60.62. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $116.00. The stock has a market capitalization of $2.93 billion, a P/E ratio of 39.30 and a beta of 0.53.

SPS Commerce (NASDAQ:SPSC) last posted its 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. The company had revenue of $197.81 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities research analysts expect that SPS Commerce, Inc. will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup reiterated a “buy” rating and issued a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Morgan Stanley restated an “underweight” rating and set a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. Finally, Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, SPS Commerce currently has an average rating of “Hold” and a consensus price target of $77.10.

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.