Public Sector Pension Investment Board Purchases 18,474 Shares of SPS Commerce, Inc. $SPSC

Public Sector Pension Investment Board grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,903 shares of the software maker’s stock after purchasing an additional 18,474 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of SPS Commerce worth $15,403,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Wedbush Securities Inc. acquired a new position in SPS Commerce in the 3rd quarter valued at $222,000. Rhumbline Advisers boosted its position in shares of SPS Commerce by 0.3% in the third quarter. Rhumbline Advisers now owns 107,866 shares of the software maker’s stock valued at $11,233,000 after acquiring an additional 366 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of SPS Commerce by 64.1% in the third quarter. Johnson Investment Counsel Inc. now owns 27,557 shares of the software maker’s stock valued at $2,870,000 after acquiring an additional 10,765 shares during the period. Renaissance Group LLC grew its stake in shares of SPS Commerce by 53.9% in the third quarter. Renaissance Group LLC now owns 76,113 shares of the software maker’s stock valued at $7,926,000 after acquiring an additional 26,659 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in SPS Commerce by 1,182.5% during the third quarter. Bessemer Group Inc. now owns 7,862 shares of the software maker’s stock worth $819,000 after acquiring an additional 7,249 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $79.92, for a total value of $79,920.00. Following the completion of the transaction, the director owned 9,158 shares of the company’s stock, valued at approximately $731,907.36. This represents a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is owned by company insiders.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $61.92 on Friday. SPS Commerce, Inc. has a 1 year low of $61.28 and a 1 year high of $153.16. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 25.27 and a beta of 0.56. The company’s 50 day simple moving average is $87.34 and its 200 day simple moving average is $96.66.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. SPS Commerce had a return on equity of 12.84% and a net margin of 12.42%.The firm had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. During the same quarter last year, the business posted $0.89 EPS. The company’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, analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SPSC. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Friday. Cantor Fitzgerald set a $70.00 price target on shares of SPS Commerce in a research report on Friday. Morgan Stanley set a $95.00 price target on SPS Commerce in a research report on Friday. Citigroup restated a “buy” rating and set a $84.00 price objective (down previously from $110.00) on shares of SPS Commerce in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SPS Commerce in a report on Thursday, January 22nd. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.90.

Key SPS Commerce News

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Q4 EPS beat and solid profitability — SPS reported $1.14 EPS vs. $1.00 consensus and improved net margin/ROE, showing profitable growth that can support valuation. SPS Commerce (SPSC) Q4 Earnings Beat Estimates
• Positive Sentiment: FY 2026 EPS guidance well above street — management set FY EPS at $4.420–4.500 versus ~4.07 consensus, signaling confidence in full‑year profitability and underlying margin leverage. SPSC Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Board refresh — company appointed two independent directors (Michael McConnell and Fumbi Chima), a governance move that may be viewed neutrally to mildly positive over time. SPS Commerce Appoints New Independent Directors to the Board
• Neutral Sentiment: Q1 EPS guidance roughly inline — management gave Q1 EPS guidance of $0.950–0.990 vs. consensus ~0.970, so near‑term earnings expectations are broadly as anticipated. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue slightly missed estimates — Q4 revenue was $192.65M vs. $193.6M consensus, and while revenue grew 12.7% YoY this miss pressures top‑line momentum expectations. SPS Commerce Q4 Earnings (MarketBeat)
• Negative Sentiment: Q1 revenue guidance below street — management guided Q1 revenue $191.6M–$193.6M vs. ~$197M consensus, implying near‑term revenue softness that likely weighs on multiple and near‑term growth expectations. SPSC Q4 2025 Earnings Call Transcript
• Negative Sentiment: Insider selling — a director sold 1,000 shares at ~$79.92 recently; small in size but often read negatively by the market when combined with other soft top‑line signals. SPS Commerce Director Marty Reaume Sells 1,000 Shares

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.