Assenagon Asset Management S.A. Has $11.77 Million Position in SPS Commerce, Inc. $SPSC

Assenagon Asset Management S.A. grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 471.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 211,407 shares of the software maker’s stock after acquiring an additional 174,420 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SPS Commerce were worth $11,769,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPSC. SG Americas Securities LLC grew its holdings in shares of SPS Commerce by 16.0% in the 1st quarter. SG Americas Securities LLC now owns 46,127 shares of the software maker’s stock valued at $2,568,000 after buying an additional 6,374 shares during the period. Hsbc Holdings PLC bought a new stake in shares of SPS Commerce in the 4th quarter valued at $1,097,000. Rockefeller Capital Management L.P. raised its stake in SPS Commerce by 20.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,145 shares of the software maker’s stock worth $369,000 after buying an additional 699 shares during the period. Invesco Ltd. raised its stake in SPS Commerce by 20.6% during the 4th quarter. Invesco Ltd. now owns 133,027 shares of the software maker’s stock worth $11,857,000 after buying an additional 22,704 shares during the period. Finally, Alberta Investment Management Corp bought a new position in SPS Commerce during the fourth quarter worth about $1,150,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of SPS Commerce stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the sale, the director directly owned 9,158 shares of the company’s stock, valued at approximately $530,248.20. This trade represents a 9.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPSC shares. Cantor Fitzgerald set a $60.00 price objective on shares of SPS Commerce and gave the stock a “neutral” rating in a research report on Friday, May 1st. Needham & Company LLC reduced their target price 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. Stifel Nicolaus set a $60.00 price target on SPS Commerce in a research note on Friday, May 1st. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Citigroup reduced their price objective on SPS Commerce from $84.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SPS Commerce has an average rating of “Hold” and an average target price of $76.45.

SPS Commerce Stock Up 5.7%

Shares of NASDAQ:SPSC opened at $58.87 on Friday. The company’s 50 day moving average price is $54.95 and its two-hundred day moving average price is $67.09. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $143.55. The firm has a market cap of $2.16 billion, a PE ratio of 24.53 and a beta of 0.57.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data 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 business had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.50 million. During the same period in the previous year, the business earned $1.00 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. 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, research analysts expect that SPS Commerce, Inc. will post 3.41 EPS for the current year.

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.