Citadel Advisors LLC reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 913,868 shares of the software maker’s stock after selling 31,972 shares during the quarter. Citadel Advisors LLC’s holdings in SPS Commerce were worth $52,246,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in shares of SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after purchasing an additional 112 shares in the last quarter. State of Wyoming grew its holdings in shares of SPS Commerce by 10.8% in the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock valued at $160,000 after purchasing an additional 174 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of SPS Commerce by 1.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock valued at $1,557,000 after purchasing an additional 175 shares in the last quarter. NewEdge Advisors LLC increased its stake in 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 buying an additional 191 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in SPS Commerce by 23.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,134 shares of the software maker’s stock worth $101,000 after buying an additional 218 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SPSC has been the topic of a number of research reports. Weiss Ratings upgraded shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the company a “hold” rating in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.10.
SPS Commerce Stock Performance
SPSC stock opened at $83.00 on Monday. The company’s 50 day moving average price is $70.86 and its 200 day moving average price is $61.33. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 40.10 and a beta of 0.51. SPS Commerce, Inc. has a fifty-two week low of $49.04 and a fifty-two week high of $114.87.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The company had revenue of $197.81 million during the quarter, compared to the consensus estimate of $195.46 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue 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. Equities analysts forecast that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal 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.
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