SPS Commerce, Inc. $SPSC Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 37.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,100 shares of the software maker’s stock after selling 15,300 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in SPS Commerce were worth $2,326,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 112 shares during the last quarter. State of Alaska Department of Revenue increased its stake in SPS Commerce by 0.6% during the 4th quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock worth $1,870,000 after buying an additional 126 shares during the period. Park Place Capital Corp increased its stake in 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 buying an additional 129 shares during the period. Arizona State Retirement System increased its stake in SPS Commerce by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 11,226 shares of the software maker’s stock worth $1,169,000 after buying an additional 140 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in SPS Commerce by 3.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,687 shares of the software maker’s stock worth $488,000 after buying an additional 151 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value 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 represents a 9.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.58% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $56.75 on Monday. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $147.61. The company’s 50 day moving average is $54.98 and its two-hundred day moving average is $70.66. The company has a market cap of $2.08 billion, a PE ratio of 23.65 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 analysts’ consensus estimates of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.51 million. During the same period in the prior year, the firm posted $1.00 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. 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. As a group, equities research analysts expect that SPS Commerce, Inc. will post 3.41 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPSC. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Friday, February 13th. Citigroup cut their target price on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Cantor Fitzgerald set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Robert W. Baird set a $86.00 target price 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 assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, SPS Commerce has a consensus rating of “Hold” and a consensus price target of $76.45.

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.