Headlands Technologies LLC Decreases Position in SPS Commerce, Inc. $SPSC

Headlands Technologies LLC decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 38.1% in the second quarter, Holdings Channel reports. The firm owned 13,345 shares of the software maker’s stock after selling 8,229 shares during the period. Headlands Technologies LLC’s holdings in SPS Commerce were worth $763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in SPS Commerce by 1.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,896 shares of the software maker’s stock valued at $5,825,000 after buying an additional 1,008 shares in the last quarter. Empowered Funds LLC purchased a new stake in SPS Commerce in the second quarter valued at about $265,000. Capstone Investment Advisors LLC acquired a new stake in SPS Commerce in the second quarter worth about $261,000. One68 Global Capital LLC acquired a new stake in SPS Commerce in the second quarter worth about $229,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of SPS Commerce during the second quarter worth about $273,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SPSC. Stifel Nicolaus set a $70.00 price objective on shares of SPS Commerce and gave the company a “hold” rating in a report on Friday, July 31st. Citigroup reiterated a “buy” rating and issued a $82.00 target price (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Morgan Stanley restated an “underweight” rating and set a $59.00 price target (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 price target (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.10.

SPS Commerce Stock Down 2.9%

Shares of NASDAQ:SPSC opened at $82.93 on Wednesday. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $114.87. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 40.06 and a beta of 0.51. The business has a 50-day moving average price of $69.26 and a 200-day moving average price of $60.90.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The firm had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. SPS Commerce’s revenue for the quarter was up 5.6% on a year-over-year basis. 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 analysts anticipate that SPS Commerce, Inc. will post 3.56 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.