Royal Bank of Canada Has $9.28 Million Stake in SPS Commerce, Inc. $SPSC

Royal Bank of Canada reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 20.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,710 shares of the software maker’s stock after selling 42,947 shares during the period. Royal Bank of Canada’s holdings in SPS Commerce were worth $9,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPSC. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in SPS Commerce by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock worth $1,870,000 after purchasing an additional 126 shares in the last quarter. Evergreen Capital Management LLC raised its position in SPS Commerce by 7.1% in the fourth quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker’s stock valued at $208,000 after purchasing an additional 155 shares during the last quarter. State of Wyoming boosted its stake in shares of SPS Commerce by 10.8% during the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock valued at $160,000 after purchasing an additional 174 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in shares of SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 175 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $73.38 on Monday. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $117.37. The firm has a market capitalization of $2.64 billion, a PE ratio of 35.45 and a beta of 0.53. The firm has a fifty day simple moving average of $60.86 and a two-hundred day simple moving average of $61.50.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The business had revenue of $197.81 million during the quarter, compared to analyst estimates of $195.46 million. During the same period in the prior year, the firm posted $1.00 EPS. SPS Commerce’s quarterly revenue was up 5.6% compared to the same quarter last year. 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. On average, equities analysts predict that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPSC has been the subject of a number of recent research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $70.00 price objective (up from $60.00) 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 report on Saturday, July 18th. Rothschild & Co Redburn set a $60.00 price target on SPS Commerce and gave the company a “neutral” rating in a research note on Thursday, April 16th. Citigroup restated a “buy” rating and set a $82.00 price objective (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of SPS Commerce in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.60.

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.