SPS Commerce, Inc. (NASDAQ:SPSC) Short Interest Up 22.9% in March

Key Points

• Short interest rose 22.9% in March to 2,641,219 shares (about 7.1% of shares), leaving a short-interest ratio of roughly 3.7 days based on average daily volume.
• Analysts hold a consensus rating of "Hold" with a consensus price target of $87.40, while individual targets range from $65 to $95 and ratings span Strong Buy to Sell.
• SPS Commerce beat EPS estimates ($1.14 vs. $1.00) with revenue up 12.7% year-over-year, and insiders (including the CEO and CFO) sold a combined 24,834 shares worth about $1.53 million this quarter.

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,641,219 shares, an increase of 22.9% from the February 26th total of 2,148,896 shares. Based on an average daily trading volume, of 708,441 shares, the short-interest ratio is presently 3.7 days. Approximately 7.1% of the shares of the company are short sold.

Analysts Set New Price Targets

SPSC has been the topic of a number of analyst reports. Craig Hallum cut shares of SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research note on Friday, February 13th. Cantor Fitzgerald set a $70.00 price objective on SPS Commerce in a research note on Friday, February 13th. Morgan Stanley set a $95.00 target price on shares of SPS Commerce in a research note on Friday, February 13th. Robert W. Baird set a $86.00 price objective on shares of SPS Commerce in a report on Friday, February 13th. Finally, DA Davidson lowered their target price on SPS Commerce from $80.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.40.

SPS Commerce Trading Up 1.1%

SPS Commerce stock traded up $0.59 during mid-day trading on Monday, hitting $55.08. The stock had a trading volume of 989,907 shares, compared to its average volume of 775,167. The stock has a 50-day simple moving average of $68.52 and a two-hundred day simple moving average of $85.45. The stock has a market capitalization of $2.06 billion, a PE ratio of 22.48 and a beta of 0.63. SPS Commerce has a 12 month low of $52.56 and a 12 month high of $153.16.

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, topping analysts' consensus estimates of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm had revenue of $192.65 million during the quarter, compared to analyst estimates of $193.60 million. During the same period last year, the company earned $0.89 earnings per share. The company's 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. Sell-side analysts expect that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 13,384 shares of the business'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 completion of the transaction, the chief executive officer owned 72,241 shares of the company's stock, valued at $4,237,657.06. The trade was a 15.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 6,300 shares of SPS Commerce stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $369,558.00. Following the completion of the transaction, the chief financial officer owned 145,452 shares in the company, valued at $8,532,214.32. The trade was a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,834 shares of company stock worth $1,527,223. Insiders own 0.98% of the company's stock.

Institutional Trading of SPS Commerce

Several institutional investors and hedge funds have recently made changes to their positions in SPSC. Advisors Asset Management Inc. increased its holdings in SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock valued at $52,000 after purchasing an additional 112 shares during the last quarter. AQR Capital Management LLC raised its stake in SPS Commerce by 2.0% during the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker's stock worth $1,876,000 after buying an additional 275 shares during the period. NewEdge Advisors LLC increased its holdings in shares of 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 in the last quarter. Cetera Investment Advisers lifted its holdings in shares of SPS Commerce by 4.8% during the 2nd quarter. Cetera Investment Advisers now owns 10,441 shares of the software maker's stock valued at $1,421,000 after purchasing an additional 477 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of SPS Commerce by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 107,500 shares of the software maker's stock valued at $14,630,000 after purchasing an additional 3,013 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

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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