SPS Commerce, Inc. $SPSC Shares Bought by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management raised its stake in SPS Commerce by 13% to 164,884 shares (about $14.7M), while institutional investors collectively own roughly 98.96% of the company.
• SPS beat Q1 EPS estimates (reported $1.10 vs. $0.97 consensus) with revenue essentially in line at $192.12M, and management set FY2026 EPS guidance of $4.73–4.76 and Q2 guidance of $1.06–1.09.
• Insider selling and mixed analyst views: insiders sold 24,102 shares (~$1.43M) over the past three months, and analysts remain mixed with a consensus "Hold" and an average target of $77.18 (individual targets range widely).

Fenimore Asset Management Inc raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,884 shares of the software maker's stock after purchasing an additional 18,996 shares during the period. Fenimore Asset Management Inc owned about 0.44% of SPS Commerce worth $14,696,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPSC. Salomon & Ludwin LLC acquired a new stake in SPS Commerce in the third quarter valued at approximately $28,000. NewEdge Advisors LLC grew its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after purchasing an additional 191 shares during the period. Advisory Services Network LLC acquired a new stake in SPS Commerce in the third quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in SPS Commerce in the third quarter valued at approximately $48,000. Finally, Park Place Capital Corp grew its holdings in SPS Commerce by 29.7% in the fourth quarter. Park Place Capital Corp now owns 564 shares of the software maker's stock valued at $50,000 after purchasing an additional 129 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SPS Commerce news, Director Marty M. Reaume sold 1,000 shares of the business's stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the transaction, the director owned 9,158 shares of the company's stock, valued at approximately $530,248.20. The trade was a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jamie Thingelstad sold 2,418 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the transaction, the executive vice president directly owned 56,344 shares in the company, valued at $3,095,539.36. This trade represents a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 24,102 shares of company stock worth $1,425,328. 0.98% of the stock is currently owned by corporate insiders.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $58.92 on Friday. The stock's fifty day moving average is $57.17 and its two-hundred day moving average is $76.99. The firm has a market capitalization of $2.18 billion, a P/E ratio of 24.55 and a beta of 0.58. SPS Commerce, Inc. has a fifty-two week low of $50.55 and a fifty-two week high of $153.16.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.13. The company had revenue of $192.12 million for the quarter, compared to analyst estimates 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 for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. 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, sell-side analysts forecast that SPS Commerce, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on SPSC shares. Craig Hallum lowered SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 price objective on the stock. in a report on Friday, February 13th. Weiss Ratings raised SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday. Stifel Nicolaus set a $60.00 price objective on SPS Commerce in a report on Friday. Needham & Company LLC lowered their price target on SPS Commerce from $110.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Robert W. Baird set a $86.00 price target on SPS Commerce in a research note on Friday, February 13th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $77.18.

Trending Headlines about SPS Commerce

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

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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