SPS Commerce, Inc. $SPSC Shares Sold by Citadel Advisors LLC

Key Points

• Citadel Advisors reduced its SPS Commerce stake by 3.4%, selling 31,972 shares and retaining 913,868 shares valued at approximately $52.2 million. Institutional investors and hedge funds collectively own 98.96% of the company.
• SPS Commerce reported quarterly EPS of $1.27, exceeding the $1.09 analyst consensus, while revenue reached $197.81 million and increased 5.6% year over year. The company provided Q3 and full-year 2026 EPS guidance.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $77.10; however, Needham raised its target to $100 and maintained a “Buy” rating. Shares opened at $83.00, after trading between $49.04 and $114.87 over the past year.

Citadel Advisors LLC trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 913,868 shares of the software maker's stock after selling 31,972 shares during the quarter. Citadel Advisors LLC owned about 2.54% of SPS Commerce worth $52,246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SPSC. NewEdge Advisors LLC lifted its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after buying an additional 191 shares in the last quarter. Advisory Services Network LLC purchased a new stake in SPS Commerce in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. increased its stake in shares of SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock worth $52,000 after acquiring an additional 112 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of SPS Commerce by 2,130.0% during the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker's stock worth $40,000 after acquiring an additional 426 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of SPS Commerce during the 4th quarter worth $45,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Price Performance

NASDAQ SPSC opened at $83.00 on Monday. The firm's 50-day moving average is $70.86 and its two-hundred day moving average is $61.33. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $114.87. The stock has a market capitalization of $2.99 billion, a P/E ratio of 40.10 and a beta of 0.51.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.18. The business had revenue of $197.81 million during 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 business 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. As a group, analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SPSC shares. Weiss Ratings raised shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Citigroup reissued a "buy" rating and issued a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research note on Tuesday, July 21st. DA Davidson set a $65.00 price target on shares of SPS Commerce in a research report on Friday, July 31st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $70.00 price objective (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $77.10.

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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