SPS Commerce, Inc. $SPSC Shares Newly Bought by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,775 shares of the software maker’s stock, valued at approximately $630,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in SPS Commerce by 17.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,904 shares of the software maker’s stock worth $322,000 after purchasing an additional 573 shares during the period. Farther Finance Advisors LLC raised its position in shares of SPS Commerce by 88.6% during the third quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker’s stock valued at $90,000 after buying an additional 512 shares during the last quarter. Moody National Bank Trust Division bought a new stake in shares of SPS Commerce during the third quarter valued at approximately $1,336,000. Versant Capital Management Inc lifted its holdings in shares of SPS Commerce by 11.8% in the third quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker’s stock worth $142,000 after buying an additional 182 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of SPS Commerce by 3.1% in the second quarter. State Street Corp now owns 1,545,696 shares of the software maker’s stock worth $88,367,000 after buying an additional 45,886 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPSC stock traded up $1.27 during trading on Friday, hitting $84.59. 378,907 shares of the company’s stock traded hands, compared to its average volume of 658,308. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $114.87. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 40.86 and a beta of 0.62. The business has a fifty day simple moving average of $80.06 and a 200 day simple moving average of $65.06.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The firm had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. 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. Research analysts forecast that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPSC. Stifel Nicolaus set a $70.00 target price on shares of SPS Commerce and gave the company a “hold” rating in a research note on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $59.00 price target (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.10.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps trading partners connect and exchange business documents, coordinate orders and shipments, manage product information, and improve visibility across the retail supply chain.

The company’s offerings include electronic data interchange (EDI), order management, fulfillment and shipping tools, product content management, inventory visibility, analytics and retail compliance solutions.