JPMorgan Chase & Co. Has $48.42 Million Stock Position in SPS Commerce, Inc. $SPSC

JPMorgan Chase & Co. cut its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 464,957 shares of the software maker’s stock after selling 57,923 shares during the period. JPMorgan Chase & Co. owned 1.23% of SPS Commerce worth $48,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPSC. Conestoga Capital Advisors LLC lifted its holdings in SPS Commerce by 2.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,281,511 shares of the software maker’s stock worth $133,457,000 after purchasing an additional 30,769 shares during the last quarter. Geode Capital Management LLC increased its position in SPS Commerce by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after buying an additional 12,046 shares during the period. Geneva Capital Management LLC increased its position in SPS Commerce by 7.5% during the 2nd quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after buying an additional 43,330 shares during the period. Van Berkom & Associates Inc. acquired a new stake in shares of SPS Commerce during the third quarter worth $51,878,000. Finally, Bank of America Corp DE boosted its position in shares of SPS Commerce by 14.6% in the second quarter. Bank of America Corp DE now owns 425,573 shares of the software maker’s stock valued at $57,916,000 after acquiring an additional 54,192 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Citigroup reaffirmed a “buy” rating and set a $84.00 target price (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Northland Securities set a $109.00 price target on shares of SPS Commerce in a research report on Friday, October 31st. Robert W. Baird set a $86.00 price target on SPS Commerce in a research report on Friday, February 13th. Finally, Cantor Fitzgerald set a $70.00 price objective on SPS Commerce in a report on Friday, February 13th. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.40.

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 13,384 shares of SPS Commerce stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $785,105.44. Following the transaction, the chief executive officer owned 72,241 shares in the company, valued at $4,237,657.06. The trade was a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marty M. Reaume sold 1,732 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total transaction of $159,794.32. Following the completion of the transaction, the director directly owned 9,158 shares of the company’s stock, valued at $844,917.08. This trade represents a 15.90% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,834 shares of company stock worth $1,527,223. Insiders own 0.98% of the company’s stock.

SPS Commerce Trading Up 5.7%

NASDAQ SPSC opened at $57.25 on Friday. The firm’s 50 day simple moving average is $82.00 and its 200 day simple moving average is $93.36. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 23.37 and a beta of 0.56. 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 the consensus estimate of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm had revenue of $192.65 million during the quarter, compared to analysts’ expectations of $193.60 million. During the same period in the prior year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. 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. On average, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.