Granahan Investment Management LLC Has $41.32 Million Stock Holdings in SPS Commerce, Inc. $SPSC

Granahan Investment Management LLC grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,780 shares of the software maker’s stock after buying an additional 24,349 shares during the period. SPS Commerce makes up 1.7% of Granahan Investment Management LLC’s holdings, making the stock its 18th biggest position. Granahan Investment Management LLC’s holdings in SPS Commerce were worth $41,321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of SPS Commerce in the third quarter valued at about $28,000. NewEdge Advisors LLC increased its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in SPS Commerce during the third quarter worth about $48,000. Advisors Asset Management Inc. raised its stake in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after purchasing an additional 112 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in SPS Commerce in the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.3%

SPSC stock opened at $60.55 on Monday. SPS Commerce, Inc. has a 12 month low of $52.56 and a 12 month high of $153.16. The firm has a market cap of $2.26 billion, a P/E ratio of 24.71 and a beta of 0.63. The company’s 50-day moving average price is $75.47 and its two-hundred day moving average price is $89.14.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company had revenue of $192.65 million during the quarter, compared to analysts’ expectations of $193.60 million. During the same period in the previous year, the company earned $0.89 EPS. The business’s revenue for the quarter 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. Equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 13,384 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $785,105.44. Following the sale, the chief executive officer owned 72,241 shares of the company’s stock, valued at approximately $4,237,657.06. This trade represents a 15.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marty M. Reaume sold 1,732 shares of SPS Commerce stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the transaction, the director owned 9,158 shares in the company, valued at approximately $844,917.08. The trade was a 15.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,834 shares of company stock valued at $1,527,223 in the last three months. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Cantor Fitzgerald set a $70.00 target price on shares of SPS Commerce in a research report on Friday, February 13th. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 13th. Stifel Nicolaus set a $65.00 price target on SPS Commerce and gave the company a “hold” rating in a research note on Friday, February 13th. DA Davidson reduced their price target on SPS Commerce from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Finally, Citigroup restated a “buy” rating and set a $84.00 price objective (down from $110.00) on shares of SPS Commerce in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.40.

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.