Bessemer Group Inc. Raises Stock Position in SPS Commerce, Inc. $SPSC

Bessemer Group Inc. boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 21.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,627 shares of the software maker’s stock after purchasing an additional 21,419 shares during the period. Bessemer Group Inc.’s holdings in SPS Commerce were worth $6,660,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPSC. Advisors Asset Management Inc. grew its holdings in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares during the period. AQR Capital Management LLC lifted its holdings in SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after acquiring an additional 275 shares during the period. NewEdge Advisors LLC lifted its holdings in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the period. EverSource Wealth Advisors LLC boosted its position in SPS Commerce by 137.7% in the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after purchasing an additional 376 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in SPS Commerce by 83.2% in the second quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after purchasing an additional 4,602 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $65.59 on Monday. The stock has a 50-day simple moving average of $56.35 and a two-hundred day simple moving average of $63.97. The firm has a market capitalization of $2.41 billion, a PE ratio of 27.33 and a beta of 0.56. SPS Commerce, Inc. has a 52-week low of $49.04 and a 52-week high of $143.55.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The firm had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. During the same quarter last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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. Equities analysts forecast that SPS Commerce, Inc. will post 3.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Citigroup dropped their price objective 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. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. DA Davidson set a $55.00 target price on shares of SPS Commerce and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Cantor Fitzgerald set a $60.00 target price on shares of SPS Commerce and gave the company a “neutral” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of “Hold” and an average target price of $76.45.

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.