APG Asset Management N.V. Cuts Stock Holdings in SPS Commerce, Inc. $SPSC

APG Asset Management N.V. reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 61.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,011 shares of the software maker’s stock after selling 108,465 shares during the period. APG Asset Management N.V. owned approximately 0.18% of SPS Commerce worth $7,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPSC. Salomon & Ludwin LLC purchased a new position in shares of SPS Commerce during the third quarter valued at about $28,000. NewEdge Advisors LLC lifted its position in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in SPS Commerce during the third quarter valued at approximately $48,000. Advisors Asset Management Inc. grew its holdings in SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in SPS Commerce by 211.8% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 474 shares of the software maker’s stock valued at $65,000 after buying an additional 322 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating and set a $84.00 price objective (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. Cantor Fitzgerald set a $70.00 price objective on shares of SPS Commerce in a research note on Friday, February 13th. Robert W. Baird set a $86.00 target price on shares of SPS Commerce in a report on Friday, February 13th. Finally, DA Davidson decreased their target price on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. 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 one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $87.40.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $59.99 on Wednesday. The firm has a market capitalization of $2.24 billion, a PE ratio of 24.49 and a beta of 0.62. The business has a 50 day simple moving average of $80.01 and a two-hundred day simple moving average of $92.01. SPS Commerce, Inc. has a 1 year low of $52.56 and a 1 year high of $153.16.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The business had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. 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. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jamie Thingelstad sold 2,418 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the completion of the sale, the executive vice president owned 56,344 shares of the company’s stock, valued at $3,095,539.36. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marty M. Reaume sold 1,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $79.92, for a total value of $79,920.00. Following the transaction, the director owned 9,158 shares in the company, valued at approximately $731,907.36. This trade represents a 9.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,834 shares of company stock valued at $1,527,223 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

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.