Investment Manager Sheds $45.7 Million Worth of Software Stock, According to Latest SEC Filing

17 hours ago 2

Jake Lerch, The Motley Fool

Mon, April 27, 2026 astatine 9:30 AM CDT 4 min read

On April 24, 2026, Conestoga Capital Advisors, LLC disclosed a large merchantability of SPS Commerce (NASDAQ:SPSC) shares, reducing its involvement by 634,534 shares successful a transaction estimated astatine $45.72 cardinal based connected the quarterly mean price.

According to an SEC filing dated April 24, 2026, Conestoga Capital Advisors, LLC sold 634,534 shares of SPS Commerce, with an estimated transaction worth of $45.72 cardinal based connected mean closing prices during the quarter. The quarter-end valuation of the SPS Commerce involvement decreased by $56.83 million, reflecting some the stock merchantability and terms movements during the period.

This transaction reduced SPS Commerce’s stock of 13F AUM to astir 0.01% arsenic of March 31, 2026.

Top holdings aft the filing:

RBC: $233.17 cardinal (4.7% of AUM)
CWST: $222.51 cardinal (4.4% of AUM)
BCPC: $212.05 cardinal (4.2% of AUM)
FSV: $195.29 cardinal (3.9% of AUM)
ROAD: $183.80 cardinal (3.7% of AUM)

As of April 23, 2026, shares were priced astatine $53.32, down 59.8% implicit the past twelvemonth and person underperformed the S&P 500 by 92.0 percent points.

The money reported 113 positions and $5.01 cardinal successful U.S. equity AUM astatine the extremity of the archetypal 4th (the 3 months ending connected March 31, 2026).

Metric

Value

Price (as of marketplace adjacent April 23, 2026)	$53.32
Market capitalization	$2.04 billion
Revenue (TTM)	$751.50 million
Net income (TTM)	$93.34 million

Provides cloud-based proviso concatenation absorption solutions, including fulfillment automation, analytics, and vendor onboarding products
Operates a recurring gross exemplary by delivering SaaS-based services that automate and optimize proviso concatenation processes for trading partners
Serves retailers, suppliers, grocers, distributors, and logistics firms seeking to heighten bid absorption and proviso concatenation visibility

SPS Commerce is simply a starring supplier of cloud-based proviso concatenation absorption software, supporting implicit 2,700 employees and a planetary lawsuit base. The institution leverages its SaaS level to automate and streamline omnichannel bid fulfillment and trading spouse communications. Its solutions assistance businesses amended operational ratio and compliance, positioning SPS Commerce arsenic a cardinal exertion spouse successful the evolving retail and organisation landscape.

Conestoga Capital Advisors, an autarkic concern absorption steadfast based successful Pennsylvania, precocious disclosed the merchantability of astir $45.7 cardinal worthy of SPS Commerce (SPSC) banal during the archetypal 4th (the 3 months ending connected March 31, 2026). Here are immoderate cardinal takeaways for investors.

Read Entire Article