Royal Bank of Canada Sells 42,947 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Royal Bank of Canada reduced its SPS Commerce stake by 20.5% in the first quarter, selling 42,947 shares and retaining 166,710 shares valued at approximately $9.28 million.
• Institutional ownership remains high at 98.96%, with several investors—including UBS Group, Walleye Capital and Disciplined Growth Investors—substantially increasing their positions.
• SPS Commerce exceeded quarterly earnings and revenue estimates, reporting $1.27 in EPS and $197.81 million in revenue. Analysts maintain a consensus “Hold” rating with an average price target of $74.60.

Royal Bank of Canada cut its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,710 shares of the software maker's stock after selling 42,947 shares during the quarter. Royal Bank of Canada owned about 0.45% of SPS Commerce worth $9,280,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPSC. UBS Group AG grew its position in shares of SPS Commerce by 182.3% in the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker's stock valued at $115,447,000 after acquiring an additional 836,407 shares during the period. Norges Bank acquired a new stake in SPS Commerce in the 4th quarter valued at about $49,883,000. Irenic Capital Management LP bought a new position in SPS Commerce during the fourth quarter worth about $40,293,000. Walleye Capital LLC grew its holdings in SPS Commerce by 1,749.1% during the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker's stock worth $25,477,000 after purchasing an additional 432,886 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its position in SPS Commerce by 86.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker's stock worth $82,528,000 after buying an additional 367,346 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Price Performance

NASDAQ SPSC opened at $73.38 on Monday. The company has a market capitalization of $2.64 billion, a P/E ratio of 35.45 and a beta of 0.53. SPS Commerce, Inc. has a 12-month low of $49.04 and a 12-month high of $117.37. The firm has a 50-day moving average price of $60.86 and a two-hundred day moving average price of $61.50.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup reaffirmed a "buy" rating and issued a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. Zacks Research upgraded SPS Commerce from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. DA Davidson set a $65.00 price target on SPS Commerce in a report on Friday, July 31st. Stifel Nicolaus set a $70.00 price objective on shares of SPS Commerce and gave the stock a "hold" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, SPS Commerce has an average rating of "Hold" and a consensus target price of $74.60.

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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