Bessemer Group Inc. Grows Stock Holdings in SPS Commerce, Inc. $SPSC

Key Points

• Bessemer Group Inc. increased its stake in SPS Commerce by 21.8% in the first quarter, buying 21,419 more shares and bringing its total to 119,627 shares worth about $6.66 million.
• Institutional ownership remains very high, with hedge funds and other institutions holding 98.96% of SPS Commerce stock, and several firms such as UBS Group and Goldman Sachs also boosting positions recently.
• SPS Commerce beat earnings expectations in its latest quarter, reporting $1.10 EPS versus the $0.97 estimate, while revenue rose 5.8% year over year; analysts currently have a consensus Hold rating with an average price target of $76.45.

Bessemer Group Inc. lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 21.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,627 shares of the software maker's stock after purchasing an additional 21,419 shares during the quarter. Bessemer Group Inc. owned about 0.33% of SPS Commerce worth $6,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPSC. State Street Corp raised its stake in SPS Commerce by 0.6% during the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker's stock valued at $130,871,000 after buying an additional 8,163 shares during the last quarter. UBS Group AG grew its stake in shares of SPS Commerce by 182.3% in the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker's stock worth $115,447,000 after acquiring an additional 836,407 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of SPS Commerce by 86.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker's stock worth $82,528,000 after acquiring an additional 367,346 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SPS Commerce by 69.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 661,610 shares of the software maker's stock valued at $58,969,000 after acquiring an additional 270,424 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in shares of SPS Commerce by 23.8% during the fourth quarter. Van Berkom & Associates Inc. now owns 616,886 shares of the software maker's stock valued at $54,983,000 after acquiring an additional 118,732 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

SPSC stock opened at $65.59 on Monday. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $143.55. The business has a fifty day moving average price of $56.35 and a 200-day moving average price of $63.97. The stock has a market capitalization of $2.41 billion, a P/E ratio of 27.33 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The firm had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. During the same period in the prior year, the company posted $1.00 earnings per share. The company's quarterly 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. As a group, analysts anticipate that SPS Commerce, Inc. will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Rothschild & Co Redburn set a $60.00 price target on shares of SPS Commerce and gave the stock a "neutral" rating in a research note on Thursday, April 16th. DA Davidson set a $55.00 price objective on shares of SPS Commerce and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of SPS Commerce from a "buy" rating to a "hold" rating in a report on Saturday. 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, Weiss Ratings upgraded shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 8th. 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 two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $76.45.

About SPS Commerce

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.

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