6,109 SPS Commerce, Inc. $SPSC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 44.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,767 shares of the software maker’s stock after selling 6,109 shares during the period. State of Alaska Department of Revenue’s holdings in SPS Commerce were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of SPS Commerce in the 2nd quarter worth approximately $38,000. Allworth Financial LP bought a new stake in SPS Commerce during the 2nd quarter worth approximately $45,000. Pacer Advisors Inc. increased its holdings in SPS Commerce by 55.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker’s stock valued at $79,000 after purchasing an additional 503 shares in the last quarter. Leonteq Securities AG increased its holdings in SPS Commerce by 143.0% during the 1st quarter. Leonteq Securities AG now owns 1,431 shares of the software maker’s stock valued at $80,000 after purchasing an additional 842 shares in the last quarter. Finally, KBC Group NV increased its holdings in SPS Commerce by 38.8% during the 1st quarter. KBC Group NV now owns 1,459 shares of the software maker’s stock valued at $81,000 after purchasing an additional 408 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Up 0.8%

Shares of NASDAQ SPSC opened at $92.63 on Friday. The business’s 50 day moving average price is $82.69 and its two-hundred day moving average price is $67.39. The company has a market cap of $3.33 billion, a PE ratio of 27.53 and a beta of 0.62. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $114.87.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The firm had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. During the same period in the prior year, the firm posted $1.00 EPS. The company’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, research analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley restated an “underweight” rating and issued a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. Stifel Nicolaus increased their price target on shares of SPS Commerce from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, October 14th. Finally, Zacks Research raised shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.30.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.