Bessemer Group Inc. Has $8.75 Million Position in SPS Commerce, Inc. $SPSC

Bessemer Group Inc. grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 1,149.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,208 shares of the software maker’s stock after purchasing an additional 90,346 shares during the period. Bessemer Group Inc.’s holdings in SPS Commerce were worth $8,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPSC. Van Berkom & Associates Inc. purchased a new position in shares of SPS Commerce in the third quarter worth approximately $51,878,000. Champlain Investment Partners LLC purchased a new position in shares of SPS Commerce in the third quarter worth approximately $36,735,000. Tudor Investment Corp ET AL boosted its holdings in shares of SPS Commerce by 161.5% in the third quarter. Tudor Investment Corp ET AL now owns 70,389 shares of the software maker’s stock worth $7,330,000 after buying an additional 43,476 shares during the last quarter. Numerai GP LLC boosted its holdings in shares of SPS Commerce by 529.4% in the third quarter. Numerai GP LLC now owns 59,244 shares of the software maker’s stock worth $6,170,000 after buying an additional 49,831 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new position in shares of SPS Commerce in the fourth quarter worth approximately $7,389,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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 report on Friday, May 1st. Citigroup lowered their price target on shares of SPS Commerce from $84.00 to $76.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a report on Friday, February 13th. 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 report on Friday, February 13th. Finally, Cantor Fitzgerald set a $60.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $76.45.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $51.17 on Monday. SPS Commerce, Inc. has a 1-year low of $49.04 and a 1-year high of $151.40. The company has a market capitalization of $1.88 billion, a P/E ratio of 21.32 and a beta of 0.58. The firm’s 50 day simple moving average is $56.54 and its two-hundred day simple moving average is $73.15.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.51 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In other news, CEO Chadwick Collins sold 13,384 shares of SPS Commerce 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 $785,105.44. Following the sale, the chief executive officer owned 72,241 shares in the company, valued at $4,237,657.06. This trade represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jamie Thingelstad sold 2,418 shares of SPS Commerce stock in a transaction that occurred 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 approximately $3,095,539.36. The trade was a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 23,102 shares of company stock worth $1,345,408. 0.58% of the stock is currently owned by corporate insiders.

SPS Commerce 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.