SPS Commerce, Inc. $SPSC Stock Holdings Boosted by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC increased its stake in SPS Commerce by 205.3% in Q4, acquiring an additional 26,730 shares to hold 39,753 shares worth $3.543 million; institutional investors own 98.96% of the company.
• Company insiders have been net sellers — CEO Chadwick Collins sold 13,384 shares at an average of $58.66 and a director sold 1,000 shares, with insiders disposing of 24,834 shares (≈$1.53M) over the past three months and now owning 0.98%.
• Analyst sentiment is mixed with a consensus rating of "Hold" and an average price target of $87.40, while SPS beat Q4 EPS ($1.14 vs. $1.00), reported 12.7% revenue growth year-over-year, and guided FY2026 EPS to $4.42–$4.50 (Q1: $0.95–$0.99).

SG Americas Securities LLC grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 205.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 39,753 shares of the software maker's stock after purchasing an additional 26,730 shares during the quarter. SG Americas Securities LLC owned 0.11% of SPS Commerce worth $3,543,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Place Capital Corp grew its holdings in SPS Commerce by 29.7% during the fourth quarter. Park Place Capital Corp now owns 564 shares of the software maker's stock worth $50,000 after acquiring an additional 129 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in SPS Commerce in the 4th quarter valued at about $324,000. City Center Advisors LLC lifted its holdings in SPS Commerce by 36.8% in the 4th quarter. City Center Advisors LLC now owns 3,196 shares of the software maker's stock valued at $285,000 after acquiring an additional 860 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of SPS Commerce by 161.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 70,389 shares of the software maker's stock valued at $7,330,000 after purchasing an additional 43,476 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of SPS Commerce during the 3rd quarter valued at about $423,000. Institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on SPSC. Citigroup reiterated a "buy" rating and issued a $84.00 target price (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Craig Hallum cut SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 13th. DA Davidson cut their price objective 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. Cantor Fitzgerald set a $70.00 target price on SPS Commerce in a report on Friday, February 13th. Finally, Wall Street Zen raised SPS Commerce from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $87.40.

Insiders Place Their Bets

In other news, Director Marty M. Reaume sold 1,000 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $79.92, for a total value of $79,920.00. Following the completion of the sale, the director owned 9,158 shares of the company's stock, valued at $731,907.36. This trade represents a 9.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Chadwick Collins sold 13,384 shares of SPS Commerce stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $785,105.44. Following the transaction, the chief executive officer owned 72,241 shares in the company, valued at $4,237,657.06. This represents a 15.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,834 shares of company stock worth $1,527,223 over the last three months. Company insiders own 0.98% of the company's stock.

SPS Commerce Price Performance

SPS Commerce stock opened at $56.08 on Friday. The firm's 50 day simple moving average is $65.73 and its 200-day simple moving average is $84.30. The company has a market cap of $2.10 billion, a P/E ratio of 22.89 and a beta of 0.62. SPS Commerce, Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $153.16.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The business had revenue of $192.65 million during the quarter, compared to the consensus estimate of $193.60 million. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. 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. On average, analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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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