SPS Commerce, Inc. (NASDAQ:SPSC) Short Interest Up 22.9% in March

SPS Commerce, Inc. (NASDAQ:SPSC) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,641,219 shares, a growth of 22.9% from the February 26th total of 2,148,896 shares. Approximately 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 708,441 shares, the days-to-cover ratio is presently 3.7 days.

Analyst Ratings Changes

SPSC has been the subject of several research reports. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a research note on Friday, February 13th. Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Morgan Stanley set a $95.00 price target on shares of SPS Commerce in a research note on Friday, February 13th. DA Davidson reduced their price objective on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Finally, Citigroup reiterated a “buy” rating and set a $84.00 target price (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SPS Commerce has a consensus rating of “Hold” and a consensus target price of $87.40.

Insider Activity at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 13,384 shares of SPS Commerce stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $785,105.44. Following the sale, the chief executive officer 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. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marty M. Reaume sold 1,732 shares of the business’s 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 completion of the sale, the director owned 9,158 shares in the company, valued at approximately $844,917.08. This trade represents a 15.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,834 shares of company stock worth $1,527,223 over the last ninety days. 0.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in SPS Commerce by 4.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker’s stock valued at $321,000 after purchasing an additional 120 shares during the period. State of Alaska Department of Revenue grew its holdings in SPS Commerce by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock valued at $1,870,000 after buying an additional 126 shares in the last quarter. Park Place Capital Corp boosted its position in shares of SPS Commerce by 29.7% in the fourth quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock valued at $50,000 after acquiring an additional 129 shares during the period. Finally, Arizona State Retirement System increased its position in SPS Commerce by 1.3% during 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 period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Up 1.1%

NASDAQ:SPSC traded up $0.59 on Monday, hitting $55.08. The company’s stock had a trading volume of 989,907 shares, compared to its average volume of 775,167. SPS Commerce has a one year low of $52.56 and a one year high of $153.16. The firm has a market capitalization of $2.06 billion, a P/E ratio of 22.48 and a beta of 0.63. The stock has a fifty day moving average of $68.52 and a two-hundred day moving average of $85.45.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue 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, sell-side analysts anticipate that SPS Commerce will post 2.73 EPS for the current year.

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.