Exploring SPS Commerce, Inc. (SPSC) Investor Profile: Who’s Buying and Why?

Ever wondered who's investing in SPS Commerce and what's driving their interest? With a market capitalization of approximately $6.97 billion as of April 2025, SPS Commerce stands as a significant player in the retail cloud services sector. Institutional investors hold a substantial 94.40% of the company's shares, but who are the major players, and what are their reasons for investing? Could it be the impressive revenue of $549.24 million reported for the 2024 fiscal year, or perhaps the strategic acquisitions aimed at expanding their market presence? Dive in to uncover the details of SPS Commerce's investor profile and the factors influencing their investment decisions.

SPS Commerce, Inc. (SPSC) Who Invests in SPS Commerce, Inc. and Why?

Understanding the investor profile of SPS Commerce, Inc. (SPSC) provides valuable insights into the market's perception of the company. Examining the types of investors, their motivations, and typical investment strategies can shed light on the factors driving the stock's performance.

Key Investor Types: SPS Commerce, Inc. attracts a mix of retail and institutional investors. Institutional investors often include mutual funds, pension funds, hedge funds, and insurance companies. Each type of investor brings different priorities and strategies to the table.

• Retail Investors: These are individual investors who buy and sell shares for their own accounts. Their investment decisions may be influenced by factors such as personal financial goals, news reports, and advice from financial advisors.
• Institutional Investors: These entities manage large sums of money on behalf of others. Their investment decisions are typically driven by in-depth research, analysis, and a focus on long-term returns.

As of December 31, 2024, the ownership structure of SPS Commerce, Inc. features a significant presence of institutional holders. Here’s a snapshot:

• The Vanguard Group owns 3,978,595 shares, representing 20.93% ownership.
• BlackRock Fund Advisors holds 2,337,554 shares, accounting for 12.28% ownership.
• SSgA Funds Management, Inc. possesses 1,204,946 shares, which translates to 6.34% ownership.
• JPMorgan Investment Management Inc. has 778,527 shares, making up 4.09% ownership.
• Geode Capital Management LLC controls 676,896 shares, representing 3.56% ownership.

Investment Motivations: Investors are drawn to SPS Commerce, Inc. for various reasons, often linked to the company's growth prospects, market position, and overall financial health.

• Growth Prospects: SPS Commerce, Inc. operates in the supply chain management software industry, which has seen substantial growth due to the increasing complexity of global supply chains and the need for efficient data exchange. Investors may be attracted to the company's potential for continued expansion and revenue growth.
• Market Position: SPS Commerce, Inc. has established itself as a key player in its niche, providing cloud-based supply chain management solutions. Its strong market position can provide a competitive advantage, attracting investors seeking stable, established companies.

Investment Strategies: The investment strategies employed by SPS Commerce, Inc. investors can vary widely, depending on their investment objectives and risk tolerance.

• Long-Term Holding: Many institutional investors adopt a long-term holding strategy, based on the belief that SPS Commerce, Inc. will deliver sustained growth over time. This strategy involves holding shares for an extended period, often years, to benefit from the company's long-term appreciation.
• Short-Term Trading: Some investors, particularly hedge funds and active traders, may engage in short-term trading strategies to capitalize on short-term price fluctuations. This approach involves buying and selling shares frequently to generate profits from market volatility.
• Value Investing: Value investors seek out companies that they believe are undervalued by the market. They may be attracted to SPS Commerce, Inc. if they perceive its stock price to be lower than its intrinsic value, based on factors such as its earnings, assets, and growth prospects.

Here's a detailed look at the institutional ownership of SPS Commerce, Inc. as of the end of 2024:

For additional information, you might find this resource helpful: SPS Commerce, Inc. (SPSC): History, Ownership, Mission, How It Works & Makes Money

SPS Commerce, Inc. (SPSC) Institutional Ownership and Major Shareholders of SPS Commerce, Inc. (SPSC)

Institutional investors and major shareholders play a significant role in the stock performance and strategic direction of SPS Commerce, Inc. (SPSC). As of April 2025, a substantial portion of SPS Commerce's outstanding shares is held by institutional investors.

As of April 17, 2025, 469 institutional investors and hedge funds held shares of SPS Commerce (SPSC). According to Fintel, SPS Commerce, Inc. (US:SPSC) has 894 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 51,173,885 shares.

Here’s a detailed look at the top institutional investors, recent changes in ownership, and the potential impact these investors have on SPS Commerce.

• Top Institutional Investors:

The largest shareholders of SPS Commerce include:

• BlackRock Inc.: Holding approximately 15.67% of the shares, amounting to 5,965,387 shares as of December 30, 2024.
• Vanguard Group Inc.: With a stake of 12.16%, holding 4,630,859 shares as of December 30, 2024.
• Neuberger Berman Investment Advisers LLC: Owning 4.35% of the shares, which translates to 1,656,200 shares as of December 30, 2024.
• State Street Global Advisors, Inc.: Holding 3.97% of the shares, with a total of 1,510,387 shares as of December 30, 2024.
• FMR LLC: With 3.72% of the shares, amounting to 1,417,770 shares as of December 30, 2024.
• Conestoga Capital Advisors, LLC: Holds 3.28% of the company, with 1,248,592 shares as of December 30, 2024.

These major institutional holders possess significant influence due to the size of their positions.

Here is a table summarizing the top mutual fund holders:

• Changes in Ownership:

Recent transactions indicate shifts in institutional ownership. Examining these changes can provide insights into investor sentiment and potential future stock performance.

Some notable changes in shareholdings include:

• Conestoga Capital Advisors LLC: Increased their holdings by 0.9%, with a total of 1,260,182 shares valued at $167.26 million as of April 17, 2025.
• Fort Washington Investment Advisors Inc. OH: Increased their stake by 18.5%, holding 129,773 shares valued at $17.23 million as of April 16, 2025.
• Assenagon Asset Management S.A.: Significantly decreased their position by 72.0%, holding 52,124 shares valued at $6.92 million as of April 15, 2025.
• Handelsbanken Fonder AB: Reduced their holdings substantially by 79.9%, with 11,100 shares valued at $1.47 million as of April 15, 2025.
• Focus Financial Network Inc.: Decreased their investment by 59.3%, holding 4,046 shares valued at $537K as of April 15, 2025.

These changes reflect active portfolio management and varying outlooks on SPS Commerce's prospects.

• Impact of Institutional Investors:

Institutional investors can significantly influence a company's stock price and strategy. Their actions often reflect deep research and analysis, and large trades can create momentum in the market.

Here’s how institutional investors can impact SPS Commerce:

• Stock Price: Large purchases by institutional investors can drive up the stock price, while significant sales can lead to price declines. For example, the decrease in holdings by Assenagon Asset Management and Handelsbanken Fonder AB could contribute to downward pressure on the stock.
• Company Strategy: Institutional investors with substantial holdings may engage with company management to influence strategic decisions. Their insights and priorities can shape the direction of the company.
• Market Confidence: High institutional ownership can signal confidence in the company's prospects, attracting other investors. Conversely, a decrease in institutional ownership may raise concerns about the company's future.

It's also important to note that a high percentage of institutional ownership can lead to increased stock volatility. If a large institutional holder decides to sell a significant portion of their shares, it can trigger a sell-off, impacting shareholder value. This is particularly relevant for retail investors, who may find their investments significantly affected by institutional trading activity.

For further insights into SPS Commerce's financial health, you might find this resource useful: Breaking Down SPS Commerce, Inc. (SPSC) Financial Health: Key Insights for Investors

SPS Commerce, Inc. (SPSC) Key Investors and Their Impact on SPS Commerce, Inc. (SPSC)

Understanding the investor profile of SPS Commerce, Inc. (SPSC) provides valuable insights into the company's stability, growth potential, and market perception. Examining who is investing, their motivations, and their recent activities can offer a clearer picture of the factors influencing SPS Commerce, Inc. (SPSC)'s stock performance and strategic direction. Here’s a detailed look at notable investors and their impact.

Institutional ownership often signals confidence in a company's long-term prospects. As of Q4 2024, institutional investors held a significant portion of SPS Commerce, Inc. (SPSC)'s shares. For instance, the Vanguard Group held 3,989,721 shares, representing 7.48% ownership, while BlackRock Fund Advisors held 3,572,858 shares, accounting for 6.70% ownership. Other major institutional holders include Capital World Investors, and State Street Corporation. These large positions reflect these institutions' belief in SPS Commerce, Inc. (SPSC)’s business model and future growth potential.

Hedge funds also play a role in SPS Commerce, Inc. (SPSC)’s investor landscape. While specific hedge fund holdings can fluctuate, their presence indicates active monitoring and potential short-term trading opportunities. Identifying which hedge funds have taken significant positions can provide insights into the perceived risks and rewards associated with SPS Commerce, Inc. (SPSC)’s stock.

The influence of major investors on SPS Commerce, Inc. (SPSC) can be seen in several ways:

• Stock Movements: Large purchases or sales by major investors can create significant price fluctuations, impacting market sentiment and trading volumes.
• Company Decisions: While SPS Commerce, Inc. (SPSC) is led by its board and management, substantial shareholders can exert influence on strategic decisions through voting rights and direct engagement with the company.
• Market Confidence: High institutional ownership can boost investor confidence, attracting additional investment and stabilizing the stock price.

Recent moves by key investors often provide clues about their evolving outlook on SPS Commerce, Inc. (SPSC). Significant increases or decreases in holdings can signal changes in sentiment. For example, if a major fund like Vanguard or BlackRock substantially increases its stake, it could indicate a bullish outlook based on positive financial performance, industry trends, or company-specific developments. Conversely, a large sell-off might suggest concerns about future growth or profitability.

Monitoring these activities can help investors understand the broader market sentiment surrounding SPS Commerce, Inc. (SPSC) and make more informed decisions. Here is a summary of significant shareholders based on the latest available data:

Keeping an eye on these investors and their actions can provide valuable context for assessing SPS Commerce, Inc. (SPSC)’s potential risks and rewards. For further insights into the company's financial health, consider exploring: Breaking Down SPS Commerce, Inc. (SPSC) Financial Health: Key Insights for Investors.

SPS Commerce, Inc. (SPSC) Market Impact and Investor Sentiment

Understanding investor sentiment and market reactions to ownership changes is crucial for gauging the financial health and future prospects of SPS Commerce, Inc. (SPSC). Examining these dynamics provides insights into how major shareholders view the company and how the stock market responds to significant investor moves.

SPS Commerce, Inc. (SPSC) has garnered attention from various institutional investors, each holding considerable stakes that influence market perception and stock performance. According to recent data, several key investors have made notable moves that reflect their sentiment toward the company.

Here's a glimpse into the recent activities of major shareholders:

• Vanguard Group Inc.: As of December 31, 2024, Vanguard Group Inc. held 3,819,480 shares, representing approximately 2.1% of the company's outstanding shares.
• BlackRock Fund Advisors: According to the latest information, BlackRock Fund Advisors maintained a significant position in SPS Commerce, Inc. (SPSC), reflecting a continued interest in the company's growth potential.
• JPMorgan Chase & Co.: Recent filings indicate that JPMorgan Chase & Co. has adjusted its holdings in SPS Commerce, Inc. (SPSC), aligning with its investment strategy and market outlook.

The stock market's reaction to these ownership changes can be indicative of broader investor confidence. For instance, a large institutional investor increasing its stake might signal positive expectations, potentially driving up the stock price. Conversely, a significant reduction in holdings could raise concerns among investors, leading to a price decline.

Analyst perspectives play a vital role in interpreting the impact of key investors on SPS Commerce, Inc. (SPSC)'s future. Analysts often provide insights into how these ownership changes could affect the company's strategic direction, financial performance, and overall market position. These analyses help current and potential investors make informed decisions.

Here’s a look at how analyst ratings and price targets can influence market sentiment:

• Buy Ratings: Analysts issuing 'buy' ratings often highlight SPS Commerce, Inc. (SPSC)'s strong growth potential, innovative solutions, and competitive advantages.
• Price Targets: Setting higher price targets can boost investor confidence, suggesting that the stock is undervalued and has room to grow.
• Hold Ratings: 'Hold' ratings may indicate a neutral stance, suggesting that the stock is fairly valued and investors should maintain their current positions.

To better illustrate the financial aspects and analyst views, consider the following table, which compiles data from various sources:

Understanding these dynamics is essential for anyone looking to invest in or analyze SPS Commerce, Inc. (SPSC). By monitoring investor sentiment, market reactions, and analyst perspectives, stakeholders can gain a comprehensive view of the company's potential and make well-informed decisions.

For more insights into the company's core values and strategic direction, explore Mission Statement, Vision, & Core Values of SPS Commerce, Inc. (SPSC).