SPS Commerce, Inc. $SPSC Stock Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 21.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 49,550 shares of the software maker’s stock after selling 13,750 shares during the period. Montrusco Bolton Investments Inc.’s holdings in SPS Commerce were worth $4,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Castle Rock Wealth Management LLC bought a new position in shares of SPS Commerce during the third quarter valued at approximately $630,000. GAMMA Investing LLC boosted its stake in SPS Commerce by 17.2% during the third quarter. GAMMA Investing LLC now owns 3,904 shares of the software maker’s stock worth $322,000 after acquiring an additional 573 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in SPS Commerce by 88.6% in the third 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 purchased a new stake in SPS Commerce in the third quarter worth about $1,336,000. Finally, Versant Capital Management Inc grew its holdings in SPS Commerce by 11.8% in the third 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. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Trading Down 1.0%

NASDAQ SPSC traded down $0.84 on Tuesday, reaching $83.76. 638,516 shares of the stock were exchanged, compared to its average volume of 656,725. SPS Commerce, Inc. has a one year low of $49.04 and a one year high of $114.87. The firm has a market capitalization of $3.02 billion, a PE ratio of 40.46 and a beta of 0.62. The company’s 50-day simple moving average is $80.47 and its two-hundred day simple moving average is $65.44.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.18. The firm had revenue of $197.81 million during the quarter, compared to analysts’ expectations 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 company posted $1.00 earnings per share. 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. Sell-side analysts forecast that SPS Commerce, Inc. will post 3.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SPSC. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Morgan Stanley reissued an “underweight” rating and issued a $59.00 target price (up from $57.00) on shares of SPS Commerce in a research note on Friday, July 31st. DA Davidson set a $65.00 price target on shares of SPS Commerce in a report on Friday, July 31st. Stifel Nicolaus set a $70.00 price objective on SPS Commerce and gave the stock a “hold” rating in a report on Friday, July 31st. Finally, Citigroup reiterated 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SPS Commerce has a consensus rating of “Hold” and an average price target of $77.10.

About SPS Commerce

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.