20,171 Shares in SPS Commerce, Inc. $SPSC Acquired by VELA Investment Management LLC

VELA Investment Management LLC acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,171 shares of the software maker’s stock, valued at approximately $1,798,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPSC. Salomon & Ludwin LLC acquired a new position in SPS Commerce in the third quarter worth approximately $28,000. NewEdge Advisors LLC grew its holdings in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. Advisory Services Network LLC acquired a new position in SPS Commerce during the third quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new position in SPS Commerce during the third quarter valued at approximately $48,000. Finally, Park Place Capital Corp grew its holdings in SPS Commerce by 29.7% during the fourth quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock valued at $50,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Chadwick Collins sold 13,384 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $785,105.44. Following the completion of the sale, the chief executive officer directly owned 72,241 shares of the company’s stock, valued at approximately $4,237,657.06. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 9,158 shares of the company’s stock, valued at $530,248.20. This represents a 9.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 24,102 shares of company stock valued at $1,425,328 over the last ninety days. 0.98% of the stock is owned by insiders.

SPS Commerce Trading Up 5.0%

SPSC opened at $58.92 on Friday. SPS Commerce, Inc. has a 1-year low of $50.55 and a 1-year high of $153.16. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.55 and a beta of 0.58. The business has a 50 day moving average of $57.17 and a 200-day moving average of $76.99.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.44% and a net margin of 11.92%.The company had revenue of $192.12 million during the quarter, compared to analysts’ expectations of $192.51 million. During the same period in the prior year, the business earned $1.00 earnings per share. SPS Commerce’s revenue for the quarter 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. Equities analysts predict that SPS Commerce, Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several analyst reports. DA Davidson lowered their price target on SPS Commerce from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Morgan Stanley set a $70.00 price target on SPS Commerce in a report on Friday. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Stifel Nicolaus set a $60.00 price target on SPS Commerce in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.18.

Trending Headlines about SPS Commerce

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Company Q1 results showed revenue and recurring revenue growth (~6% and ~7% yoy) and an adjusted EPS beat (reported $1.10 vs. consensus ~$0.97); management emphasized subscription strength. SPS Commerce Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised EPS guidance: FY2026 EPS guide of $4.73–4.76 and Q2 EPS guide of $1.060–1.090 both sit above consensus, supporting forward earnings expectations. Earnings Release / Guidance Details
• Neutral Sentiment: Needham trimmed its price target to $75 (from $110) but kept a Buy rating, highlighting continued upside vs. the current price—this is supportive but reflects tempered expectations. Needham Lowers Price Target to $75
• Neutral Sentiment: Analyst coverage remains mixed: William Blair reiterated a Hold, and several write-ups (earnings transcript and presentation) provide detail for investors to parse adjusted vs. GAAP results. Q1 2026 Earnings Call Transcript
• Negative Sentiment: DA Davidson cut its price target to $55 and moved to Neutral, signaling near-term downside risk and adding selling pressure for more cautious investors. DA Davidson Lowers PT to $55
• Negative Sentiment: Some third-party reports flagged weaker GAAP operating profit and a below-expectations revenue/EPS reconciliation (Quiver noted a GAAP EPS shortfall and declines in operating profit), plus recent insider selling—items that could weigh on sentiment. Quiver: Stock Reaction & GAAP Metrics
• Negative Sentiment: Revenue guidance ranges were slightly below some revenue consensus points (Q2 and FY revenue bands came in marginally under certain street estimates), which could cap upside despite stronger EPS guides. MarketBeat: Guidance and Results Summary

SPS Commerce 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.