JPMorgan Chase & Co. Sells 57,923 Shares of SPS Commerce, Inc. $SPSC

Key Points

• JPMorgan Chase & Co. trimmed its stake in SPS Commerce by 11.1% in Q3, selling 57,923 shares and leaving it with 464,957 shares (about 1.23% of the company) valued at roughly $48.42 million.
• Company insiders sold 24,834 shares in the past three months — including CEO Chadwick Collins (13,384 shares) and CFO Kimberly K. Nelson (6,300 shares) — totaling about $1.53 million and reducing insider ownership to 0.98%.
• SPS Commerce beat quarterly EPS estimates ($1.14 vs. $1.00) while revenue was roughly in line, and the company issued FY2026 guidance of 4.420–4.500 EPS; analysts have a consensus "Hold" rating with an average price target of $87.40.

JPMorgan Chase & Co. trimmed its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 464,957 shares of the software maker's stock after selling 57,923 shares during the quarter. JPMorgan Chase & Co. owned 1.23% of SPS Commerce worth $48,421,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Van Berkom & Associates Inc. bought a new position in shares of SPS Commerce in the third quarter valued at approximately $51,878,000. Fenimore Asset Management Inc grew its stake in SPS Commerce by 17.8% during the third quarter. Fenimore Asset Management Inc now owns 145,888 shares of the software maker's stock valued at $15,193,000 after acquiring an additional 22,036 shares in the last quarter. Buckhead Capital Management LLC increased its holdings in SPS Commerce by 284.7% during the 3rd quarter. Buckhead Capital Management LLC now owns 35,945 shares of the software maker's stock worth $3,743,000 after acquiring an additional 26,602 shares during the period. Caxton Associates LLP bought a new stake in SPS Commerce during the 2nd quarter worth approximately $2,007,000. Finally, Champlain Investment Partners LLC purchased a new stake in SPS Commerce in the 3rd quarter worth approximately $36,735,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Insider Transactions at SPS Commerce

In other news, CEO Chadwick Collins sold 13,384 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $785,105.44. Following the transaction, the chief executive officer directly owned 72,241 shares in the company, valued at approximately $4,237,657.06. This represents a 15.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 6,300 shares of the firm's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $369,558.00. Following the transaction, the chief financial officer directly owned 145,452 shares in the company, valued at approximately $8,532,214.32. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,834 shares of company stock worth $1,527,223. 0.98% of the stock is currently owned by company insiders.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $57.95 on Friday. The company's fifty day moving average price is $72.14 and its 200-day moving average price is $87.65. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 23.65 and a beta of 0.62. SPS Commerce, Inc. has a one year low of $52.56 and a one year high of $153.16.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The software maker reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company had revenue of $192.65 million during the quarter, compared to the consensus estimate of $193.60 million. During the same period in the previous year, the firm posted $0.89 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of SPS Commerce in a report on Thursday, January 22nd. Cantor Fitzgerald set a $70.00 price objective on SPS Commerce in a research report on Friday, February 13th. Craig Hallum lowered SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 price objective for the company. in a research note on Friday, February 13th. DA Davidson reduced their target price on SPS Commerce from $80.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, February 17th. Finally, Citigroup restated a "buy" rating and issued a $84.00 target price (down from $110.00) on shares of SPS Commerce in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $87.40.

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.

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