Man Group plc Acquires New Holdings in SPS Commerce, Inc. $SPSC

Man Group plc purchased a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 15,030 shares of the software maker’s stock, valued at approximately $859,000.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of SPS Commerce during the 2nd quarter valued at about $339,259,000. Jupiter Topco LLC purchased a new stake in shares of SPS Commerce in the 2nd quarter valued at $56,260,000. Norges Bank bought a new position in shares of SPS Commerce during the 4th quarter valued at $49,883,000. Irenic Capital Management LP purchased a new position in SPS Commerce in the 4th quarter worth $40,293,000. Finally, Walleye Capital LLC raised its position in SPS Commerce by 1,749.1% in the 1st quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock worth $25,477,000 after purchasing an additional 432,886 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPSC. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup restated a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. DA Davidson set a $65.00 target price on SPS Commerce in a report on Friday, July 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.10.

SPS Commerce Trading Up 1.7%

Shares of SPSC stock opened at $84.21 on Friday. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $114.87. The stock has a market cap of $3.03 billion, a PE ratio of 40.68 and a beta of 0.51. The company’s fifty day moving average price is $70.38 and its 200-day moving average price is $61.18.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) 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 analyst estimates of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. SPS Commerce’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business 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, sell-side analysts forecast that SPS Commerce, Inc. will post 3.56 earnings per share 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.