Ewing Morris & Co. Investment Partners Ltd. Invests $2.02 Million in SPS Commerce, Inc. $SPSC

Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,243 shares of the software maker’s stock, valued at approximately $2,015,000. SPS Commerce accounts for about 1.0% of Ewing Morris & Co. Investment Partners Ltd.’s holdings, making the stock its 25th largest position.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of SPS Commerce in the 2nd quarter worth approximately $339,259,000. State Street Corp raised its position in SPS Commerce by 0.6% in the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock valued at $130,871,000 after purchasing an additional 8,163 shares during the period. Bank of America Corp DE lifted its stake in 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. Jupiter Topco LLC acquired a new position in SPS Commerce during the second quarter worth $56,260,000. Finally, Disciplined Growth Investors Inc. MN boosted 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 buying an additional 367,346 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and issued a $82.00 price objective (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. 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. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.10.

SPS Commerce Stock Performance

SPS Commerce stock opened at $82.82 on Thursday. The stock has a 50-day simple moving average of $69.81 and a 200-day simple moving average of $61.02. The company has a market capitalization of $2.98 billion, a P/E ratio of 40.01 and a beta of 0.51. SPS Commerce, Inc. has a fifty-two week low of $49.04 and a fifty-two week high of $114.87.

SPS Commerce (NASDAQ:SPSC) last issued 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 firm 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%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last 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, analysts forecast that SPS Commerce, Inc. will post 3.56 earnings per share for the current 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.