13,750 SPS Commerce, Inc. $SPSC Shares Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its SPS Commerce stake by 21.7% in the third quarter, selling 13,750 shares and retaining 49,550 shares worth approximately $4.1 million.
• SPS Commerce shares fell 1.0% to $83.76, while the company reported quarterly results above expectations: EPS of $1.27 versus a $1.09 consensus estimate and revenue of $197.81 million.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $77.10 price target; institutional investors collectively own 98.96% of the company.

Montrusco Bolton Investments Inc. trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 21.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,550 shares of the software maker's stock after selling 13,750 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.14% of SPS Commerce worth $4,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPSC. Versant Capital Management Inc lifted its position in shares of SPS Commerce by 11.8% during the third quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker's stock valued at $142,000 after purchasing an additional 182 shares in the last quarter. VELA Investment Management LLC raised its stake in shares of SPS Commerce by 1.6% in the second quarter. VELA Investment Management LLC now owns 26,091 shares of the software maker's stock valued at $1,492,000 after buying an additional 400 shares during the period. KBC Group NV lifted its position in shares of SPS Commerce by 38.8% during the 1st quarter. KBC Group NV now owns 1,459 shares of the software maker's stock valued at $81,000 after buying an additional 408 shares during the last quarter. Allworth Financial LP lifted its position in shares of SPS Commerce by 123.2% during the 2nd quarter. Allworth Financial LP now owns 779 shares of the software maker's stock valued at $45,000 after buying an additional 430 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of SPS Commerce by 8.4% during the 1st quarter. Arkadios Wealth Advisors now owns 5,750 shares of the software maker's stock valued at $320,000 after buying an additional 448 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Down 1.0%

Shares of SPSC stock traded down $0.84 on Tuesday, reaching $83.76. The company's stock had a trading volume of 638,516 shares, compared to its average volume of 656,725. The company has a market capitalization of $3.02 billion, a P/E ratio of 40.46 and a beta of 0.62. The stock's 50 day simple moving average is $80.47 and its 200-day simple moving average is $65.44. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $114.87.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The company had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. SPS Commerce's revenue was up 5.6% on a year-over-year basis. 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 expect that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SPSC shares. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the company a "hold" rating in a research note on Friday, July 31st. DA Davidson set a $65.00 price objective on shares of SPS Commerce in a report on Friday, July 31st. Weiss Ratings upgraded shares of SPS Commerce from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Finally, Citigroup reiterated a "buy" rating and issued a $82.00 target price (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $77.10.

About SPS Commerce

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.

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