Y Intercept Hong Kong Ltd Has $4.94 Million Stake in SPS Commerce, Inc. $SPSC

Y Intercept Hong Kong Ltd increased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 774.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 88,683 shares of the software maker’s stock after purchasing an additional 78,537 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SPS Commerce were worth $4,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPSC. Leonteq Securities AG increased its stake in SPS Commerce by 143.0% during the first quarter. Leonteq Securities AG now owns 1,431 shares of the software maker’s stock valued at $80,000 after acquiring an additional 842 shares during the period. Inspire Investing LLC grew its holdings in shares of SPS Commerce by 75.9% during the 1st quarter. Inspire Investing LLC now owns 9,207 shares of the software maker’s stock worth $513,000 after purchasing an additional 3,974 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of SPS Commerce during the first quarter valued at approximately $295,000. Pictet Asset Management Holding SA raised its stake in shares of SPS Commerce by 10.3% in the first quarter. Pictet Asset Management Holding SA now owns 6,080 shares of the software maker’s stock valued at $338,000 after purchasing an additional 569 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of SPS Commerce in the first quarter valued at $930,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the transaction, the director directly owned 9,158 shares in the company, valued at $530,248.20. The trade was a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.58% of the stock is owned by corporate insiders.

SPS Commerce Price Performance

SPS Commerce stock opened at $59.06 on Monday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 24.61 and a beta of 0.56. The stock has a fifty day moving average price of $55.02 and a two-hundred day moving average price of $66.00. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $143.55.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. During the same quarter in the previous year, the company earned $1.00 EPS. The firm’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. On average, equities research analysts predict that SPS Commerce, Inc. will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPSC. Morgan Stanley set a $70.00 price target on shares of SPS Commerce in a research note on Friday, May 1st. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered shares of SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Citigroup lowered their target price on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, DA Davidson set a $55.00 price target on shares of SPS Commerce and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.45.

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.