Hsbc Holdings PLC Buys 10,596 Shares of SPS Commerce, Inc. $SPSC

Hsbc Holdings PLC lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 86.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,920 shares of the software maker’s stock after purchasing an additional 10,596 shares during the quarter. Hsbc Holdings PLC’s holdings in SPS Commerce were worth $1,296,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SPSC. Lightrock Netherlands B.V. bought a new stake in SPS Commerce in the fourth quarter worth $7,389,000. Bessemer Group Inc. boosted its stake in SPS Commerce by 1,149.1% during the fourth quarter. Bessemer Group Inc. now owns 98,208 shares of the software maker’s stock worth $8,753,000 after buying an additional 90,346 shares during the period. VELA Investment Management LLC bought a new position in SPS Commerce during the fourth quarter valued at $1,798,000. SG Americas Securities LLC increased its position in SPS Commerce by 205.3% during the fourth quarter. SG Americas Securities LLC now owns 39,753 shares of the software maker’s stock valued at $3,543,000 after acquiring an additional 26,730 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of SPS Commerce by 182.3% in the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after acquiring an additional 836,407 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

SPSC has been the subject of several analyst reports. Citigroup restated a “buy” rating and issued a $82.00 target price (up from $76.00) on shares of SPS Commerce in a report on Tuesday, July 21st. DA Davidson set a $55.00 price target on shares of SPS Commerce and gave the company a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley lowered shares of SPS Commerce from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $70.00 to $57.00 in a research report on Tuesday, July 21st. Cantor Fitzgerald set a $60.00 price objective on shares of SPS Commerce and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn set a $60.00 target price on SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.82.

SPS Commerce Stock Up 7.3%

SPSC stock opened at $65.65 on Tuesday. The business’s fifty day simple moving average is $57.65 and its two-hundred day simple moving average is $62.81. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $141.98. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 27.35 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.13. The business had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.50 million. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company 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. Research analysts expect that SPS Commerce, Inc. will post 3.43 EPS for the current year.

SPS Commerce Company 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.