Lightrock Netherlands B.V. Raises Stock Position in SPS Commerce, Inc. $SPSC

Lightrock Netherlands B.V. raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 432.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,669 shares of the software maker’s stock after purchasing an additional 358,771 shares during the quarter. SPS Commerce accounts for approximately 2.5% of Lightrock Netherlands B.V.’s holdings, making the stock its 8th biggest holding. Lightrock Netherlands B.V.’s holdings in SPS Commerce were worth $24,588,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after buying an additional 191 shares during the period. Advisory Services Network LLC purchased a new stake in shares of SPS Commerce in the third quarter worth approximately $32,000. Global Retirement Partners LLC raised its holdings in shares of SPS Commerce by 2,130.0% in the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after buying an additional 426 shares during the period. Summit Securities Group LLC bought a new stake in shares of SPS Commerce during the 4th quarter worth approximately $45,000. Finally, Park Place Capital Corp lifted its stake in shares of SPS Commerce by 29.7% during the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock worth $50,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SPSC shares. Cantor Fitzgerald set a $60.00 price objective on SPS Commerce and gave the company a “neutral” rating in a report on Friday, May 1st. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. DA Davidson set a $55.00 target price on SPS Commerce and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Needham & Company LLC lowered 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. Finally, Citigroup cut their price target on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $76.45.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $65.75 on Friday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 27.40 and a beta of 0.56. The stock has a 50 day moving average price of $56.17 and a 200 day moving average price of $64.16. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $143.55.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $0.97 by $0.13. The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.SPS Commerce’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. 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. Analysts forecast that SPS Commerce, Inc. will post 3.35 earnings per share 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.