Fred Alger Management LLC Has $18.23 Million Stock Position in SPS Commerce, Inc. $SPSC

Fred Alger Management LLC lessened its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 64.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 175,057 shares of the software maker’s stock after selling 312,119 shares during the period. Fred Alger Management LLC’s holdings in SPS Commerce were worth $18,230,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in SPS Commerce during the 3rd quarter valued at $28,000. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after buying an additional 112 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in SPS Commerce during the third quarter worth $48,000. Finally, Johnson Financial Group Inc. bought a new position in shares of SPS Commerce in the third quarter valued at $57,000. Institutional investors own 98.96% of the company’s stock.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Jamie Thingelstad sold 2,418 shares of SPS Commerce stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total value of $132,844.92. Following the sale, the executive vice president owned 56,344 shares of the company’s stock, valued at approximately $3,095,539.36. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Chadwick Collins sold 13,384 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the completion of the transaction, the chief executive officer owned 72,241 shares in the company, valued at approximately $4,237,657.06. The trade was a 15.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 24,834 shares of company stock worth $1,527,223. 0.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a report on Thursday, January 22nd. Robert W. Baird set a $86.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley set a $95.00 price objective on SPS Commerce in a report on Friday, February 13th. Finally, Craig Hallum downgraded SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Friday, February 13th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.40.

SPS Commerce Trading Down 1.8%

SPSC stock opened at $59.45 on Tuesday. The stock has a market cap of $2.22 billion, a P/E ratio of 24.27 and a beta of 0.63. The stock’s fifty day simple moving average is $74.85 and its two-hundred day simple moving average is $88.77. SPS Commerce, Inc. has a 1-year low of $52.56 and a 1-year high of $153.16.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. The firm had revenue of $192.65 million during the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share 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.