Los Angeles Capital Management LLC Sells 194 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Los Angeles Capital Management LLC reduced its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,046 shares of the software maker’s stock after selling 194 shares during the quarter. Los Angeles Capital Management LLC owned about 0.06% of SPS Commerce worth $3,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG grew its position in SPS Commerce by 6.1% in the 3rd quarter. Deutsche Bank AG now owns 45,320 shares of the software maker’s stock valued at $7,732,000 after purchasing an additional 2,601 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of SPS Commerce during the third quarter valued at about $318,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of SPS Commerce during the third quarter valued at about $1,325,000. Envestnet Asset Management Inc. increased its position in shares of SPS Commerce by 28.4% during the third quarter. Envestnet Asset Management Inc. now owns 195,276 shares of the software maker’s stock worth $33,316,000 after acquiring an additional 43,191 shares in the last quarter. Finally, FMR LLC lifted its position in SPS Commerce by 0.4% in the 3rd quarter. FMR LLC now owns 507,955 shares of the software maker’s stock valued at $86,662,000 after acquiring an additional 2,152 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SPSC shares. William Blair restated a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday, May 10th. StockNews.com lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Redburn Atlantic assumed coverage on shares of SPS Commerce in a research report on Tuesday, May 14th. They set a “buy” rating and a $220.00 price target on the stock. Finally, Citigroup upped their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.25.

Insider Buying and Selling

In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the sale, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

SPS Commerce Stock Down 0.1 %

SPSC opened at $181.89 on Friday. The company’s 50-day moving average price is $183.99 and its two-hundred day moving average price is $184.52. SPS Commerce, Inc. has a twelve month low of $151.96 and a twelve month high of $218.74. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 99.39 and a beta of 0.83.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.20. The business had revenue of $149.58 million during the quarter, compared to analyst estimates of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current year.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.