Sei Investments Co. Sells 39,989 Shares of SPS Commerce, Inc. $SPSC

Sei Investments Co. lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 47.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,952 shares of the software maker’s stock after selling 39,989 shares during the quarter. Sei Investments Co.’s holdings in SPS Commerce were worth $2,503,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its position in shares of SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after acquiring an additional 112 shares in the last quarter. State of Alaska Department of Revenue increased its stake in SPS Commerce by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock valued at $1,870,000 after acquiring an additional 126 shares during the period. Evergreen Capital Management LLC raised its position in SPS Commerce by 7.1% in the fourth quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker’s stock worth $208,000 after purchasing an additional 155 shares in the last quarter. State of Wyoming raised its position in SPS Commerce by 10.8% in the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock worth $160,000 after purchasing an additional 174 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake in SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Rothschild & Co Redburn set a $60.00 target price on SPS Commerce and gave the stock a “neutral” rating in a report on Thursday, April 16th. Morgan Stanley restated an “underweight” rating and set a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. Stifel Nicolaus set a $70.00 price target on SPS Commerce and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of SPS Commerce in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.60.

SPS Commerce Stock Up 2.0%

Shares of SPSC stock opened at $73.38 on Friday. The company has a market capitalization of $2.64 billion, a P/E ratio of 35.45 and a beta of 0.53. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $117.37. The firm has a 50-day moving average price of $60.86 and a 200 day moving average price of $61.70.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.18. The firm had revenue of $197.81 million for the quarter, compared to analysts’ expectations of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. 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 expect that SPS Commerce, Inc. will post 3.56 earnings per share 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.