Tudor Investment Corp ET AL Raises Stock Position in SPS Commerce, Inc. $SPSC

Key Points

• Tudor Investment Corp increased its stake in SPS Commerce by 161.5% in Q3 to 70,389 shares (about $7.33M), and institutional investors now own roughly 98.96% of the company's stock.
• Company insiders have been selling recently — CEO Chadwick Collins sold 13,384 shares and EVP Jamie Thingelstad sold 2,418 shares, with insiders disposing of 23,102 shares (≈$1.37M) over the past 90 days.
• Analysts hold a consensus rating of Hold with an average target of $87.40; SPS recently beat quarterly EPS estimates, issued FY2026 EPS guidance of 4.420–4.500, and trades near $58.48 with a $2.19B market cap.

Tudor Investment Corp ET AL increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 161.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,389 shares of the software maker's stock after purchasing an additional 43,476 shares during the quarter. Tudor Investment Corp ET AL owned 0.19% of SPS Commerce worth $7,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in SPS Commerce in the third quarter worth approximately $28,000. NewEdge Advisors LLC raised its position in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after acquiring an additional 191 shares during the period. Advisory Services Network LLC bought a new position in SPS Commerce in the third quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd bought a new position in SPS Commerce in the third quarter worth approximately $48,000. Finally, Advisors Asset Management Inc. raised its position in SPS Commerce by 39.9% in the first 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 period. Hedge funds and other institutional investors own 98.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. DA Davidson decreased their price target on shares of SPS Commerce from $80.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 17th. Craig Hallum downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a research report on Friday, February 13th. Wall Street Zen upgraded shares of SPS Commerce from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. Finally, Stifel Nicolaus set a $65.00 price target on shares of SPS Commerce and gave the stock a "hold" rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $87.40.

Insider Activity

In other news, CEO Chadwick Collins sold 13,384 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the sale, the chief executive officer directly owned 72,241 shares in the company, valued at $4,237,657.06. This trade represents a 15.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jamie Thingelstad sold 2,418 shares of the firm's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total transaction of $132,844.92. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,102 shares of company stock valued at $1,367,428 over the last 90 days. Company insiders own 0.98% of the company's stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $58.48 on Wednesday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 23.87 and a beta of 0.62. SPS Commerce, Inc. has a one year low of $52.56 and a one year high of $153.16. The company's fifty day moving average price is $63.69 and its 200-day moving average price is $82.92.

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