SPS Commerce, Inc. $SPSC Position Increased by Riverbridge Partners LLC

Riverbridge Partners LLC grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 480,824 shares of the software maker’s stock after purchasing an additional 9,599 shares during the period. Riverbridge Partners LLC owned 1.28% of SPS Commerce worth $42,856,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SPSC. Advisors Asset Management Inc. boosted its holdings in shares of SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the period. Benjamin Edwards Inc. raised its stake in SPS Commerce by 4.0% during the third quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker’s stock worth $321,000 after acquiring an additional 120 shares during the period. Park Place Capital Corp lifted its holdings in SPS Commerce by 29.7% in the fourth quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock worth $50,000 after acquiring an additional 129 shares during the last quarter. Arizona State Retirement System lifted its holdings in SPS Commerce by 1.3% in the third quarter. Arizona State Retirement System now owns 11,226 shares of the software maker’s stock worth $1,169,000 after acquiring an additional 140 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in SPS Commerce by 3.2% in the third quarter. Inspire Advisors LLC now owns 4,795 shares of the software maker’s stock valued at $499,000 after acquiring an additional 149 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPSC has been the subject of several recent research reports. Cantor Fitzgerald set a $70.00 target price on SPS Commerce in a report on Friday, February 13th. Robert W. Baird set a $86.00 price target on SPS Commerce in a report on Friday, February 13th. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Stifel Nicolaus set a $65.00 target price on SPS Commerce and gave the stock a “hold” rating in a research report on Friday, February 13th. Finally, Craig Hallum cut SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Friday, February 13th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $87.40.

SPS Commerce Trading Up 0.2%

NASDAQ SPSC opened at $55.10 on Friday. The company has a 50-day moving average price of $69.23 and a two-hundred day moving average price of $86.19. SPS Commerce, Inc. has a 52 week low of $52.56 and a 52 week high of $153.16. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 22.49 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The company had revenue of $192.65 million for the quarter, compared to analysts’ expectations of $193.60 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $79.92, for a total value of $79,920.00. Following the completion of the transaction, the director owned 9,158 shares of the company’s stock, valued at approximately $731,907.36. This represents a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Chadwick Collins sold 13,384 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $785,105.44. Following the transaction, the chief executive officer directly owned 72,241 shares in the company, valued at $4,237,657.06. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,834 shares of company stock worth $1,527,223 over the last 90 days. Insiders own 0.98% of the company’s stock.

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.