Thematics Asset Management Has $20.51 Million Holdings in SPS Commerce, Inc. $SPSC

Thematics Asset Management boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,914 shares of the software maker’s stock after purchasing an additional 21,724 shares during the period. Thematics Asset Management owned about 0.52% of SPS Commerce worth $20,507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SPSC. Van Berkom & Associates Inc. acquired a new stake in SPS Commerce during the 3rd quarter valued at $51,878,000. Norges Bank bought a new position in SPS Commerce in the 2nd quarter valued at about $57,540,000. UBS Group AG grew its holdings in SPS Commerce by 806.1% in the 3rd quarter. UBS Group AG now owns 458,860 shares of the software maker’s stock valued at $47,786,000 after buying an additional 408,221 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of SPS Commerce in the third quarter valued at about $36,735,000. Finally, Disciplined Growth Investors Inc. MN grew its position in shares of SPS Commerce by 188.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock worth $57,855,000 after purchasing an additional 277,499 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,300 shares of SPS Commerce stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $369,558.00. Following the transaction, the chief financial officer directly owned 145,452 shares of the company’s stock, valued at approximately $8,532,214.32. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marty M. Reaume sold 1,732 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the sale, the director owned 9,158 shares of the company’s stock, valued at $844,917.08. This represents a 15.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,834 shares of company stock valued at $1,527,223 over the last 90 days. Company insiders own 0.98% of the company’s stock.

SPS Commerce Price Performance

NASDAQ SPSC opened at $60.55 on Friday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 24.71 and a beta of 0.62. SPS Commerce, Inc. has a one year low of $52.56 and a one year high of $153.16. The business’s fifty day moving average is $75.47 and its 200-day moving average is $89.46.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. The business had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. Research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPSC. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. Morgan Stanley set a $95.00 price objective on SPS Commerce in a report on Friday, February 13th. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson lowered their price target on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Finally, Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, February 13th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.40.

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.