Norges Bank Acquires Shares of 559,669 SPS Commerce, Inc. $SPSC

Norges Bank bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 559,669 shares of the software maker’s stock, valued at approximately $49,883,000. Norges Bank owned approximately 1.48% of SPS Commerce at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPSC. Champlain Investment Partners LLC bought a new stake in shares of SPS Commerce in the 3rd quarter valued at approximately $36,735,000. Tudor Investment Corp ET AL lifted its stake in SPS Commerce by 161.5% during the third quarter. Tudor Investment Corp ET AL now owns 70,389 shares of the software maker’s stock worth $7,330,000 after purchasing an additional 43,476 shares during the last quarter. Lightrock Netherlands B.V. bought a new position in SPS Commerce during the fourth quarter worth $7,389,000. Numerai GP LLC boosted its holdings in SPS Commerce by 529.4% in the third quarter. Numerai GP LLC now owns 59,244 shares of the software maker’s stock worth $6,170,000 after purchasing an additional 49,831 shares during the period. Finally, VELA Investment Management LLC bought a new stake in SPS Commerce during the fourth quarter valued at $1,798,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $55.47 on Monday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 23.11 and a beta of 0.57. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $145.00. The stock’s 50 day moving average price is $54.96 and its 200 day moving average price is $69.80.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.13. The company had revenue of $192.12 million for the quarter, compared to analysts’ expectations of $192.51 million. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. 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. On average, sell-side analysts expect that SPS Commerce, Inc. will post 3.41 EPS for the current year.

Insider Activity at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total value of $57,900.00. Following the completion of the sale, the director owned 9,158 shares in the company, valued at $530,248.20. This represents a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPSC. DA Davidson decreased their price target on shares of SPS Commerce from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Robert W. Baird set a $86.00 price objective 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 report on Saturday, May 16th. Craig Hallum downgraded SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, February 13th. Finally, Citigroup lowered their target price on SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.45.

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.