Conestoga Capital Advisors LLC Has $460,000 Stake in SPS Commerce, Inc. $SPSC

Conestoga Capital Advisors LLC lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 98.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,270 shares of the software maker’s stock after selling 634,534 shares during the period. Conestoga Capital Advisors LLC’s holdings in SPS Commerce were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SPSC. Advisors Asset Management Inc. lifted its holdings in shares of 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 in the last quarter. AQR Capital Management LLC grew its stake in shares of 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 in the last quarter. NewEdge Advisors LLC increased its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after acquiring an additional 191 shares during the period. EverSource Wealth Advisors LLC increased its position in SPS Commerce by 137.7% during the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after acquiring an additional 376 shares during the period. Finally, First Trust Advisors LP raised its stake in SPS Commerce by 83.2% in the 2nd 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 in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SPSC shares. Morgan Stanley set a $70.00 price objective on shares of SPS Commerce in a report on Friday, May 1st. Needham & Company LLC lowered their target price on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Rothschild & Co Redburn set a $60.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, DA Davidson set a $55.00 price target on SPS Commerce and gave the stock a “neutral” rating in a research report on Wednesday. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce presently has an average rating of “Hold” and an average price target of $76.45.

SPS Commerce Trading Up 2.0%

Shares of NASDAQ:SPSC opened at $58.29 on Thursday. The firm has a 50 day moving average of $54.97 and a 200-day moving average of $66.38. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $143.55. The stock has a market capitalization of $2.14 billion, a PE ratio of 24.29 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.50 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. 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. On average, research analysts predict that SPS Commerce, Inc. will post 3.41 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of the company’s 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 completion of the transaction, the director owned 9,158 shares of the company’s stock, valued at $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 available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.58% of the stock is currently owned by insiders.

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.