Granahan Investment Management LLC Has $41.32 Million Stock Holdings in SPS Commerce, Inc. $SPSC

Granahan Investment Management LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,780 shares of the software maker’s stock after purchasing an additional 24,349 shares during the quarter. SPS Commerce makes up about 1.7% of Granahan Investment Management LLC’s portfolio, making the stock its 18th biggest holding. Granahan Investment Management LLC owned 1.05% of SPS Commerce worth $41,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SPSC. NewEdge Advisors LLC boosted its holdings 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 buying an additional 191 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of SPS Commerce in the third quarter valued at $28,000. Advisors Asset Management Inc. increased 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 worth $52,000 after buying an additional 112 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in SPS Commerce during the third quarter worth $48,000. Finally, Johnson Financial Group Inc. bought a new stake in SPS Commerce during the third quarter worth $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. DA Davidson dropped their target price on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Robert W. Baird set a $86.00 target price on shares of SPS Commerce in a research note on Friday, February 13th. Finally, Morgan Stanley set a $95.00 price target on SPS Commerce in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.40.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $60.55 on Monday. The business has a fifty day simple moving average of $75.47 and a two-hundred day simple moving average of $89.14. SPS Commerce, Inc. has a 1 year low of $52.56 and a 1 year high of $153.16. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 24.71 and a beta of 0.63.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. The company had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. 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. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 6,300 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $369,558.00. Following the completion of the sale, the chief financial officer owned 145,452 shares in the company, valued at $8,532,214.32. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marty M. Reaume sold 1,732 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the completion of the transaction, the director directly owned 9,158 shares in the company, valued at $844,917.08. The trade was a 15.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,834 shares of company stock valued at $1,527,223 in the last 90 days. Insiders own 0.98% 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.