EVR Research LP Acquires New Holdings in SPS Commerce, Inc. $SPSC

EVR Research LP acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the fourth quarter, Holdings Channel.com reports. The firm acquired 40,000 shares of the software maker’s stock, valued at approximately $3,565,000. SPS Commerce comprises approximately 1.9% of EVR Research LP’s portfolio, making the stock its 20th biggest holding.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake 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 valued at $30,000 after acquiring an additional 191 shares in the last quarter. Advisory Services Network LLC bought a new stake in SPS Commerce during the third quarter valued at about $32,000. Advisors Asset Management Inc. boosted 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 valued at $52,000 after acquiring an additional 112 shares during the period. Global Retirement Partners LLC boosted its holdings in SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock valued at $40,000 after acquiring an additional 426 shares during the period. Finally, Danske Bank A S bought a new stake in SPS Commerce during the third quarter valued at about $52,000. 98.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $70.00 price target on shares of SPS Commerce in a report on Friday, May 1st. Weiss Ratings cut shares of SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. DA Davidson decreased their price target on shares of SPS Commerce from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Wall Street Zen upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Rothschild & Co Redburn set a $60.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $76.45.

SPS Commerce Stock Performance

Shares of SPSC opened at $52.84 on Thursday. The company has a 50-day simple moving average of $54.80 and a 200-day simple moving average of $68.35. The firm has a market capitalization of $1.94 billion, a P/E ratio of 22.02 and a beta of 0.57. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $143.55.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The business had revenue of $192.12 million during the quarter, compared to analyst estimates of $192.51 million. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. 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. As a group, equities analysts forecast that SPS Commerce, Inc. will post 3.41 earnings per share for the current year.

Insider Activity at SPS Commerce

In other news, Director Marty M. Reaume sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total transaction of $57,900.00. Following the completion of the transaction, the director owned 9,158 shares of the company’s stock, valued at approximately $530,248.20. This represents a 9.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.58% of the company’s stock.

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.