SPS Commerce, Inc. $SPSC Shares Acquired by UBS Group AG

Key Points

• UBS Group AG raised its stake in SPS Commerce by 182.3% in Q4 to 1,295,267 shares (about 3.43% of the company), and institutional investors now own roughly 98.96% of the stock.
• SPS Commerce beat Q1 EPS estimates ($1.10 vs. $0.97) and raised FY2026 EPS guidance to $4.73–4.76 (Q2 guide $1.060–1.090), supporting forward earnings expectations even as revenue was roughly in line with estimates.
• Analyst sentiment is mixed—consensus is a "Hold" with an average target of $77.18 and several recent price-target cuts—while insiders have sold about 24,102 shares in the last 90 days, which may weigh on sentiment.

UBS Group AG lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 182.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,295,267 shares of the software maker's stock after buying an additional 836,407 shares during the quarter. UBS Group AG owned approximately 3.43% of SPS Commerce worth $115,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of SPS Commerce during the 3rd quarter worth $28,000. Advisory Services Network LLC acquired a new position in shares of SPS Commerce during the 3rd quarter worth $32,000. Advisors Asset Management Inc. raised its stake in shares of SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock worth $52,000 after buying an additional 112 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of SPS Commerce during the 3rd quarter worth $48,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Trading Up 5.0%

Shares of SPSC stock opened at $58.92 on Friday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.05 and a beta of 0.58. The firm has a 50-day moving average price of $57.17 and a 200 day moving average price of $77.21. SPS Commerce, Inc. has a twelve month low of $50.55 and a twelve month high of $153.16.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $0.97 by $0.13. The company had revenue of $192.12 million during the quarter, compared to analysts' expectations of $192.51 million. SPS Commerce had a return on equity of 12.44% and a net margin of 11.92%.The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. 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, research analysts predict that SPS Commerce, Inc. will post 3.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPSC. Robert W. Baird set a $86.00 target price on shares of SPS Commerce in a research note on Friday, February 13th. Stifel Nicolaus set a $60.00 target price on shares of SPS Commerce in a research note on Friday. DA Davidson cut their target price on shares of SPS Commerce from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday. Wall Street Zen raised shares of SPS Commerce from a "hold" rating to a "buy" rating in a research note on Sunday, April 26th. Finally, Needham & Company LLC cut their target price on shares of SPS Commerce from $110.00 to $75.00 and set a "buy" rating for the company in a research note on Friday. One equities 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.18.

More SPS Commerce News

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Company Q1 results showed revenue and recurring revenue growth (~6% and ~7% yoy) and an adjusted EPS beat (reported $1.10 vs. consensus ~$0.97); management emphasized subscription strength. SPS Commerce Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised EPS guidance: FY2026 EPS guide of $4.73–4.76 and Q2 EPS guide of $1.060–1.090 both sit above consensus, supporting forward earnings expectations. Earnings Release / Guidance Details
• Neutral Sentiment: Needham trimmed its price target to $75 (from $110) but kept a Buy rating, highlighting continued upside vs. the current price—this is supportive but reflects tempered expectations. Needham Lowers Price Target to $75
• Neutral Sentiment: Analyst coverage remains mixed: William Blair reiterated a Hold, and several write-ups (earnings transcript and presentation) provide detail for investors to parse adjusted vs. GAAP results. Q1 2026 Earnings Call Transcript
• Negative Sentiment: DA Davidson cut its price target to $55 and moved to Neutral, signaling near-term downside risk and adding selling pressure for more cautious investors. DA Davidson Lowers PT to $55
• Negative Sentiment: Some third-party reports flagged weaker GAAP operating profit and a below-expectations revenue/EPS reconciliation (Quiver noted a GAAP EPS shortfall and declines in operating profit), plus recent insider selling—items that could weigh on sentiment. Quiver: Stock Reaction & GAAP Metrics
• Negative Sentiment: Revenue guidance ranges were slightly below some revenue consensus points (Q2 and FY revenue bands came in marginally under certain street estimates), which could cap upside despite stronger EPS guides. MarketBeat: Guidance and Results Summary

Insiders Place Their Bets

In other SPS Commerce news, EVP Jamie Thingelstad sold 2,418 shares of SPS Commerce stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the completion of the sale, the executive vice president owned 56,344 shares in the company, valued at $3,095,539.36. The trade was a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kimberly K. Nelson sold 6,300 shares of SPS Commerce 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 completion of the sale, the chief financial officer owned 145,452 shares of the company's stock, valued at $8,532,214.32. This trade represents a 4.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,102 shares of company stock worth $1,425,328 over the last 90 days. Corporate insiders own 0.98% of the company's stock.

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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