Lombard Odier Asset Management Europe Ltd Trims Stake in SPS Commerce, Inc. $SPSC

Lombard Odier Asset Management Europe Ltd cut its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 99.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,493 shares of the software maker’s stock after selling 5,048,335 shares during the period. Lombard Odier Asset Management Europe Ltd owned approximately 0.11% of SPS Commerce worth $3,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPSC. UBS Group AG raised its stake in SPS Commerce by 182.3% during the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after acquiring an additional 836,407 shares during the last quarter. Norges Bank purchased a new stake in SPS Commerce during the 4th quarter valued at approximately $49,883,000. Disciplined Growth Investors Inc. MN raised its stake in SPS Commerce by 86.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock valued at $82,528,000 after acquiring an additional 367,346 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in SPS Commerce during the 3rd quarter valued at approximately $36,735,000. Finally, Goldman Sachs Group Inc. raised its stake in SPS Commerce by 69.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 661,610 shares of the software maker’s stock valued at $58,969,000 after acquiring an additional 270,424 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on SPSC shares. DA Davidson reduced their price objective on SPS Commerce from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Citigroup reduced their price objective on SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Morgan Stanley set a $70.00 price objective on SPS Commerce in a research note on Friday, May 1st. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Stifel Nicolaus set a $60.00 target price on SPS Commerce in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.45.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $54.98 on Wednesday. The business’s fifty day moving average price is $54.91 and its two-hundred day moving average price is $68.56. The stock has a market cap of $2.02 billion, a PE ratio of 22.91 and a beta of 0.57. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $143.55.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $192.12 million for the quarter, compared to analysts’ expectations of $192.51 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.SPS Commerce’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. 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, equities research analysts predict that SPS Commerce, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SPS Commerce news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the sale, the director owned 9,158 shares in the company, valued at approximately $530,248.20. This represents a 9.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.