6,109 SPS Commerce, Inc. $SPSC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 44.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,767 shares of the software maker’s stock after selling 6,109 shares during the quarter. State of Alaska Department of Revenue’s holdings in SPS Commerce were worth $639,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SPSC. Castle Rock Wealth Management LLC acquired a new stake in shares of SPS Commerce during the 3rd quarter worth approximately $630,000. GAMMA Investing LLC grew its holdings in SPS Commerce by 17.2% in the third quarter. GAMMA Investing LLC now owns 3,904 shares of the software maker’s stock worth $322,000 after purchasing an additional 573 shares during the period. Farther Finance Advisors LLC increased its stake in SPS Commerce by 88.6% in the third quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker’s stock valued at $90,000 after purchasing an additional 512 shares in the last quarter. Moody National Bank Trust Division bought a new stake in SPS Commerce in the third quarter valued at $1,336,000. Finally, Versant Capital Management Inc raised its holdings in shares of SPS Commerce by 11.8% during the third quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker’s stock valued at $142,000 after purchasing an additional 182 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 0.8%

SPS Commerce stock opened at $92.63 on Friday. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $114.87. The company’s 50 day moving average price is $82.69 and its two-hundred day moving average price is $67.39. The stock has a market cap of $3.33 billion, a P/E ratio of 27.53 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%. The firm had revenue of $197.81 million during the quarter, compared to the consensus estimate of $195.46 million. During the same quarter in the prior year, the company earned $1.00 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. On average, equities analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research report on Friday, July 31st. DA Davidson set a $65.00 price objective on SPS Commerce in a research note on Friday, July 31st. Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Zacks Research raised SPS Commerce from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $80.30.

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.