Castle Rock Wealth Management LLC Makes New Investment in SPS Commerce, Inc. $SPSC

Castle Rock Wealth Management LLC acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,775 shares of the software maker’s stock, valued at approximately $630,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of SPS Commerce by 17.2% in the third quarter. GAMMA Investing LLC now owns 3,904 shares of the software maker’s stock valued at $322,000 after acquiring an additional 573 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of SPS Commerce by 88.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,090 shares of the software maker’s stock worth $90,000 after purchasing an additional 512 shares during the period. Moody National Bank Trust Division bought a new position in SPS Commerce during the 3rd quarter valued at about $1,336,000. Versant Capital Management Inc raised its position in SPS Commerce by 11.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,724 shares of the software maker’s stock worth $142,000 after purchasing an additional 182 shares during the period. Finally, State Street Corp raised its position in SPS Commerce by 3.1% in the 2nd quarter. State Street Corp now owns 1,545,696 shares of the software maker’s stock worth $88,367,000 after purchasing an additional 45,886 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings upgraded SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Morgan Stanley reiterated an “underweight” rating and issued a $59.00 price target (up from $57.00) on shares of SPS Commerce in a report on Friday, July 31st. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Citigroup reaffirmed a “buy” rating and issued a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.10.

SPS Commerce Stock Performance

SPS Commerce stock traded up $1.27 during trading hours on Friday, hitting $84.59. The company had a trading volume of 378,907 shares, compared to its average volume of 658,308. The firm has a market cap of $3.05 billion, a P/E ratio of 40.86 and a beta of 0.62. SPS Commerce, Inc. has a 1 year low of $49.04 and a 1 year high of $114.87. The company has a 50-day moving average price of $80.06 and a two-hundred day moving average price of $65.06.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The business had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. SPS Commerce had a net margin of 10.10% and a return on equity of 13.04%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. 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. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 3.56 EPS for the current year.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps trading partners connect and exchange business documents, coordinate orders and shipments, manage product information, and improve visibility across the retail supply chain.

The company’s offerings include electronic data interchange (EDI), order management, fulfillment and shipping tools, product content management, inventory visibility, analytics and retail compliance solutions.