SPS Commerce, Inc. $SPSC Shares Acquired by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 219.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,327 shares of the software maker’s stock after acquiring an additional 34,551 shares during the quarter. SPS Commerce makes up 2.7% of Sovereign s Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Sovereign s Capital Management LLC’s holdings in SPS Commerce were worth $4,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of SPS Commerce during the 3rd quarter worth about $32,000. Global Retirement Partners LLC boosted its position in shares of SPS Commerce by 2,130.0% during the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after acquiring an additional 426 shares in the last quarter. Park Place Capital Corp boosted its position in shares of SPS Commerce by 29.7% during the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock worth $50,000 after acquiring an additional 129 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of SPS Commerce during the 4th quarter worth about $52,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Performance

SPS Commerce stock opened at $54.98 on Wednesday. SPS Commerce, Inc. has a fifty-two week low of $49.04 and a fifty-two week high of $143.55. The company has a market capitalization of $2.02 billion, a P/E ratio of 22.91 and a beta of 0.57. The stock has a 50-day simple moving average of $54.91 and a 200-day simple moving average of $68.56.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The business had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.51 million. During the same period in the previous year, the business earned $1.00 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. As a group, analysts forecast that SPS Commerce, Inc. will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on SPSC. Citigroup lowered their price objective on SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Stifel Nicolaus set a $60.00 price objective on SPS Commerce in a research report on Friday, May 1st. Weiss Ratings downgraded SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Needham & Company LLC reduced their target price on SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Morgan Stanley set a $70.00 target price on SPS Commerce in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.45.

Insider Buying and Selling at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total value of $57,900.00. Following the completion of the sale, the director directly owned 9,158 shares of the company’s stock, valued at approximately $530,248.20. The trade was a 9.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.58% of the company’s stock.

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.