Riverbridge Partners LLC Sells 73,439 Shares of SPS Commerce, Inc. $SPSC

Riverbridge Partners LLC decreased its stake in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 15.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 407,385 shares of the software maker’s stock after selling 73,439 shares during the period. Riverbridge Partners LLC’s holdings in SPS Commerce were worth $22,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of SPS Commerce by 16.0% during the 1st quarter. SG Americas Securities LLC now owns 46,127 shares of the software maker’s stock worth $2,568,000 after buying an additional 6,374 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $1,097,000. Rockefeller Capital Management L.P. boosted its stake in SPS Commerce by 20.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,145 shares of the software maker’s stock worth $369,000 after acquiring an additional 699 shares during the last quarter. Invesco Ltd. boosted its stake in SPS Commerce by 20.6% during the 4th quarter. Invesco Ltd. now owns 133,027 shares of the software maker’s stock worth $11,857,000 after acquiring an additional 22,704 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new position in SPS Commerce during the fourth quarter valued at approximately $1,150,000. Institutional investors own 98.96% of the company’s stock.

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SPS Commerce Stock Performance

NASDAQ SPSC opened at $54.78 on Wednesday. The business has a 50 day simple moving average of $54.77 and a 200 day simple moving average of $67.55. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $143.55. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 22.83 and a beta of 0.57.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share 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 analyst estimates of $192.50 million. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. 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. On average, analysts predict that SPS Commerce, Inc. will post 3.41 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a report on Thursday, April 16th. Citigroup decreased their price target on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a report on Monday, May 4th. Weiss Ratings cut shares of SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. 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 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and an average price target of $76.45.

Read Our Latest Analysis on SPS Commerce

Insider Activity at SPS Commerce

In related news, Director Marty M. Reaume sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.58% of the stock is currently owned by insiders.

About SPS Commerce

(Free Report)

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.

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