SPS Commerce, Inc. $SPSC Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 471.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,407 shares of the software maker’s stock after purchasing an additional 174,420 shares during the quarter. Assenagon Asset Management S.A. owned about 0.57% of SPS Commerce worth $11,769,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of SPS Commerce by 16.0% in the first quarter. SG Americas Securities LLC now owns 46,127 shares of the software maker’s stock valued at $2,568,000 after purchasing an additional 6,374 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of SPS Commerce during the 4th quarter valued at approximately $1,097,000. Rockefeller Capital Management L.P. lifted its position in shares of SPS Commerce by 20.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,145 shares of the software maker’s stock valued at $369,000 after acquiring an additional 699 shares during the period. Invesco Ltd. boosted its stake in shares of SPS Commerce by 20.6% during the 4th quarter. Invesco Ltd. now owns 133,027 shares of the software maker’s stock worth $11,857,000 after acquiring an additional 22,704 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of SPS Commerce during the 4th quarter worth approximately $1,150,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of several recent analyst reports. Stifel Nicolaus set a $60.00 target price on shares of SPS Commerce in a research note on Friday, May 1st. Rothschild & Co Redburn set a $60.00 price objective on SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. Cantor Fitzgerald set a $60.00 target price on SPS Commerce and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings downgraded SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley set a $70.00 price target on SPS Commerce in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.45.

Insider Buying and Selling

In related news, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total value of $57,900.00. Following the transaction, the director owned 9,158 shares in the company, valued at approximately $530,248.20. This represents a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.58% of the company’s stock.

SPS Commerce Stock Performance

SPSC stock opened at $58.87 on Friday. SPS Commerce, Inc. has a 1 year low of $49.04 and a 1 year high of $143.55. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 24.53 and a beta of 0.57. The stock’s fifty day moving average is $54.95 and its two-hundred day moving average is $67.09.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. The business had revenue of $192.12 million during the quarter, compared to analysts’ expectations of $192.50 million. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period last 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, analysts predict that SPS Commerce, Inc. will post 3.41 EPS for the current fiscal year.

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.