SPS Commerce, Inc. $SPSC Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 16.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,634 shares of the software maker’s stock after buying an additional 36,905 shares during the quarter. Principal Financial Group Inc.’s holdings in SPS Commerce were worth $14,677,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in SPS Commerce by 0.6% in the 4th quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock worth $130,871,000 after acquiring an additional 8,163 shares during the period. UBS Group AG lifted its stake in shares of SPS Commerce by 182.3% during the 4th quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after purchasing an additional 836,407 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of SPS Commerce by 86.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after purchasing an additional 367,346 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of SPS Commerce by 69.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 661,610 shares of the software maker’s stock worth $58,969,000 after purchasing an additional 270,424 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of SPS Commerce by 23.8% during the fourth quarter. Van Berkom & Associates Inc. now owns 616,886 shares of the software maker’s stock worth $54,983,000 after purchasing an additional 118,732 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Needham & Company LLC dropped their target price on SPS Commerce from $110.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Citigroup reissued a “buy” rating and issued a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research note on Tuesday. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Cantor Fitzgerald set a $60.00 price objective on shares of SPS Commerce and gave the company a “neutral” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.82.

SPS Commerce Trading Down 1.9%

Shares of SPS Commerce stock opened at $58.98 on Friday. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $141.98. The stock has a market capitalization of $2.17 billion, a P/E ratio of 24.57 and a beta of 0.56. The business’s fifty day moving average price is $57.20 and its 200 day moving average price is $63.20.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $0.97 by $0.13. The company had revenue of $192.12 million during the quarter, compared to analyst estimates of $192.50 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. 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, sell-side analysts predict that SPS Commerce, Inc. will post 3.43 EPS for the current year.

About SPS Commerce

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.