Van Berkom & Associates Inc. Buys 118,732 Shares of SPS Commerce, Inc. $SPSC

Key Points

• Van Berkom & Associates increased its stake in SPS Commerce by 23.8% in Q4, acquiring 118,732 shares to hold 616,886 shares (1.64%) valued at about $54.98 million.
• Company insiders have been selling recently: CFO Kimberly K. Nelson sold 6,300 shares at $58.66 and Director Marty M. Reaume sold 1,000 shares, with insiders offloading 24,102 shares (~$1.43M) over the past three months and owning 0.58% of the stock.
• SPS Commerce beat EPS expectations with $1.10 (vs. $0.97) while reporting $192.12M revenue (slightly below estimates), issued FY2026 EPS guidance of $4.73–4.76 and Q2 guidance of $1.06–1.09, and carries a consensus Wall Street rating of Hold with an average target of $76.45.

Van Berkom & Associates Inc. grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,886 shares of the software maker's stock after acquiring an additional 118,732 shares during the period. Van Berkom & Associates Inc. owned 1.64% of SPS Commerce worth $54,983,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPSC. Advisors Asset Management Inc. grew its stake in 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 in the last quarter. AQR Capital Management LLC grew its stake in SPS Commerce by 2.0% in the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker's stock worth $1,876,000 after acquiring an additional 275 shares in the last quarter. NewEdge Advisors LLC grew its stake in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after acquiring an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in SPS Commerce by 137.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker's stock worth $88,000 after acquiring an additional 376 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in SPS Commerce by 83.2% in the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker's stock worth $1,379,000 after acquiring an additional 4,602 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Kimberly K. Nelson sold 6,300 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction 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 represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total transaction of $57,900.00. Following the sale, the director directly owned 9,158 shares of the company's stock, valued at $530,248.20. The trade was a 9.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 24,102 shares of company stock worth $1,425,328. 0.58% of the stock is currently owned by insiders.

SPS Commerce Stock Down 0.6%

NASDAQ:SPSC opened at $58.54 on Tuesday. SPS Commerce, Inc. has a 52 week low of $50.55 and a 52 week high of $153.16. The firm has a 50 day moving average of $57.17 and a 200 day moving average of $76.76. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 24.39 and a beta of 0.58.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The company had revenue of $192.12 million during the quarter, compared to analysts' expectations of $192.51 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. SPS Commerce's revenue for the quarter was up 5.8% compared to the same quarter last year. 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, analysts expect that SPS Commerce, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of research analyst reports. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a "neutral" rating in a research note on Thursday, April 16th. Citigroup dropped their target price on shares of SPS Commerce from $84.00 to $76.00 and set a "buy" rating on the stock in a research note on Monday. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $110.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday. Weiss Ratings upgraded shares of SPS Commerce from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $76.45.

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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