559,669 Shares in SPS Commerce, Inc. $SPSC Acquired by Norges Bank

Norges Bank bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, HoldingsChannel.com reports. The firm bought 559,669 shares of the software maker’s stock, valued at approximately $49,883,000.

A number of other hedge funds also recently bought and sold shares of SPSC. Advisors Asset Management Inc. raised its stake in SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares during the last quarter. AQR Capital Management LLC grew its position in SPS Commerce by 2.0% in the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after purchasing an additional 275 shares during the last quarter. NewEdge Advisors LLC grew its position in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SPS Commerce by 137.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after purchasing an additional 376 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of SPS Commerce by 83.2% during the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after purchasing an additional 4,602 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPSC has been the topic of a number of recent research reports. Robert W. Baird set a $86.00 target price on SPS Commerce in a research report on Friday, February 13th. Weiss Ratings cut SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Craig Hallum downgraded SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, February 13th. Cantor Fitzgerald set a $60.00 price objective on SPS Commerce and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn set a $60.00 price objective on SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Hold” and a consensus target price of $76.45.

Insider Transactions at SPS Commerce

In related news, Director Marty M. Reaume sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total transaction of $57,900.00. Following the completion of the transaction, the director owned 9,158 shares in the company, valued at approximately $530,248.20. The trade was a 9.84% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $55.47 on Monday. The company has a market cap of $2.04 billion, a PE ratio of 23.11 and a beta of 0.57. The company has a 50-day moving average of $54.96 and a two-hundred day moving average of $69.80. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $145.00.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.51 million. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. 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 forecast that SPS Commerce, Inc. will post 3.41 earnings per share for the current year.

SPS Commerce Company 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.