6,013 SPS Commerce, Inc. $SPSC Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC cut its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 36.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,309 shares of the software maker’s stock after selling 6,013 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SPS Commerce were worth $850,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in SPS Commerce in the second quarter valued at approximately $339,259,000. Jupiter Topco LLC acquired a new stake in shares of SPS Commerce in the second quarter valued at approximately $56,260,000. Walleye Capital LLC grew its position in shares of SPS Commerce by 1,749.1% during the first quarter. Walleye Capital LLC now owns 457,635 shares of the software maker’s stock worth $25,477,000 after acquiring an additional 432,886 shares during the last quarter. Lightrock Netherlands B.V. grew its position in shares of SPS Commerce by 432.8% during the first quarter. Lightrock Netherlands B.V. now owns 441,669 shares of the software maker’s stock worth $24,588,000 after acquiring an additional 358,771 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of SPS Commerce by 13,031.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 354,538 shares of the software maker’s stock worth $19,737,000 after acquiring an additional 351,838 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Up 0.2%

Shares of SPSC opened at $85.78 on Friday. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $106.50. The stock’s 50 day moving average is $83.31 and its two-hundred day moving average is $68.47. The firm has a market capitalization of $3.09 billion, a PE ratio of 25.63 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. The business had revenue of $197.65 million during the quarter, compared to the consensus estimate of $197.51 million. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS. On average, sell-side analysts predict that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Key SPS Commerce News

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Quarterly earnings beat expectations: Adjusted EPS was $1.39, up from $1.13 a year earlier and above the $1.22–$1.23 analyst consensus. Revenue of $197.6 million also slightly exceeded estimates of approximately $197.5 million. SPS Commerce Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability improved: Adjusted EBITDA rose 17% to $70.9 million, while GAAP net income increased to $30.7 million, or $0.85 per diluted share, from $25.6 million, or $0.67, in the prior-year quarter. The earnings beat was described as being supported in part by AI-related margin gains. SPS Commerce Q3 2026 Earnings
• Positive Sentiment: Capital returned to shareholders: SPS Commerce repurchased $48.8 million of stock during the quarter, which may support per-share results and signal management’s confidence in the business. SPS Commerce Q3 Revenue Rises 4%
• Neutral Sentiment: Management provided forward guidance: Fourth-quarter revenue is expected at $199.3 million to $201.3 million, with GAAP diluted EPS of $0.74 to $0.79. Full-year 2026 guidance calls for revenue of $786.9 million to $788.9 million and GAAP diluted EPS of $2.29 to $2.35. SPS Commerce Tops Q3 EPS and Offers Guidance
• Negative Sentiment: Revenue growth remained limited: Revenue rose 4% year over year, with recurring revenue also up 4%. Results were partly affected by the divestiture of the 3P Revenue Recovery business and variability in the 1P Revenue Recovery take-rate model, creating some uncertainty around near-term growth.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPSC shares. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. DA Davidson set a $65.00 price objective on shares of SPS Commerce in a research note on Friday, July 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 target price (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Finally, Citigroup restated a “buy” rating and set a $99.00 price target (up from $82.00) on shares of SPS Commerce in a research note on Tuesday, October 20th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, SPS Commerce currently has an average rating of “Hold” and an average target price of $81.80.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company’s solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.