Legal & General Group Plc Makes New Investment 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 its most recent disclosure with the SEC. The institutional investor bought 110,484 shares of the software maker’s stock, valued at approximately $6,316,000. Legal & General Group Plc owned 0.31% of SPS Commerce at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of SPS Commerce during the second quarter valued at approximately $339,259,000. State Street Corp boosted its stake in shares of SPS Commerce by 0.6% in the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock worth $130,871,000 after acquiring an additional 8,163 shares during the last quarter. Bank of America Corp DE increased its position in shares of SPS Commerce by 3.3% during the first quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock worth $55,593,000 after purchasing an additional 31,434 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of SPS Commerce by 86.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after purchasing an additional 367,346 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in SPS Commerce by 9.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock valued at $37,757,000 after purchasing an additional 61,350 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.1%

NASDAQ:SPSC opened at $82.82 on Thursday. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $114.87. The stock’s fifty day moving average is $69.81 and its two-hundred day moving average is $61.02. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 40.01 and a beta of 0.51.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data 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 business 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%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm 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, sell-side analysts expect that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Ratings Changes

SPSC has been the topic of several research reports. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Morgan Stanley reaffirmed 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. DA Davidson set a $65.00 price objective on shares of SPS Commerce in a report on Friday, July 31st. Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus set a $70.00 target price on SPS Commerce and gave the stock a “hold” rating in a report on Friday, July 31st. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus 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.