Montrusco Bolton Investments Inc. Takes $5.14 Million Position in SPS Commerce, Inc. $SPSC

Montrusco Bolton Investments Inc. purchased a new position in SPS Commerce, Inc. (NASDAQ:SPSC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,375 shares of the software maker’s stock, valued at approximately $5,142,000. Montrusco Bolton Investments Inc. owned approximately 0.13% of SPS Commerce as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. acquired a new position in shares of SPS Commerce in the 3rd quarter worth approximately $51,878,000. Norges Bank bought a new position in shares of SPS Commerce during the second quarter valued at $57,540,000. Disciplined Growth Investors Inc. MN lifted its holdings in shares of SPS Commerce by 188.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 425,126 shares of the software maker’s stock valued at $57,855,000 after acquiring an additional 277,499 shares during the period. Vanguard Group Inc. boosted its stake in shares of SPS Commerce by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,944,449 shares of the software maker’s stock valued at $514,915,000 after purchasing an additional 249,351 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of SPS Commerce in the 2nd quarter worth about $20,250,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPSC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of SPS Commerce in a research report on Thursday, January 22nd. Stifel Nicolaus set a $65.00 price target on SPS Commerce and gave the stock a “hold” rating in a research report on Friday, February 13th. Morgan Stanley set a $95.00 price objective on SPS Commerce in a research report on Friday, February 13th. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Robert W. Baird set a $86.00 price target on SPS Commerce in a report on Friday, February 13th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.40.

SPS Commerce Trading Down 0.1%

Shares of NASDAQ SPSC opened at $54.14 on Thursday. SPS Commerce, Inc. has a 1 year low of $52.56 and a 1 year high of $153.16. The firm’s 50-day moving average is $82.69 and its 200-day moving average is $93.62. The firm has a market capitalization of $2.02 billion, a PE ratio of 22.10 and a beta of 0.56.

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

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,300 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $369,558.00. Following the sale, the chief financial officer directly owned 145,452 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Chadwick Collins sold 13,384 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the completion of the transaction, the chief executive officer directly owned 72,241 shares of the company’s stock, valued at $4,237,657.06. This trade represents a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 24,834 shares of company stock worth $1,527,223. Company insiders own 0.98% of the company’s stock.

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.