Brown Capital Management LLC Sells 34,154 Shares of SPS Commerce, Inc. $SPSC

Brown Capital Management LLC cut its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 47.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,208 shares of the software maker’s stock after selling 34,154 shares during the period. Brown Capital Management LLC’s holdings in SPS Commerce were worth $2,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. AQR Capital Management LLC lifted its holdings in SPS Commerce by 2.0% during the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after purchasing an additional 275 shares in the last quarter. NewEdge Advisors LLC lifted its holdings 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 purchasing an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in SPS Commerce by 137.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after purchasing an additional 376 shares during the period. Finally, First Trust Advisors LP boosted its stake in SPS Commerce by 83.2% in the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after purchasing an additional 4,602 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Up 3.9%

SPSC stock opened at $79.37 on Friday. The company’s 50 day moving average is $62.39 and its 200 day moving average is $61.09. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 38.34 and a beta of 0.53. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $117.37.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.18. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The business had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same period in the previous year, the business posted $1.00 earnings per share. SPS Commerce’s revenue for the quarter 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. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SPSC. Rothschild & Co Redburn set a $60.00 price target on SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus set a $70.00 price objective on shares of SPS Commerce and gave the company a “hold” rating in a research note on Friday, July 31st. Citigroup reaffirmed a “buy” rating and set a $82.00 target price (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. Finally, DA Davidson set a $65.00 target price on shares of SPS Commerce in a research note 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.60.

About SPS Commerce

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.