1,487 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Bought by First Bank & Trust

First Bank & Trust bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,487 shares of the software maker’s stock, valued at approximately $275,000.

Several other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in SPS Commerce by 10.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after purchasing an additional 56 shares during the period. Arkadios Wealth Advisors raised its position in SPS Commerce by 1.7% in the fourth quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after purchasing an additional 64 shares during the period. Wealth Alliance raised its position in SPS Commerce by 4.4% in the fourth quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock valued at $324,000 after purchasing an additional 71 shares during the period. Stifel Financial Corp raised its position in SPS Commerce by 0.3% in the third quarter. Stifel Financial Corp now owns 29,603 shares of the software maker’s stock valued at $5,051,000 after purchasing an additional 80 shares during the period. Finally, Yousif Capital Management LLC raised its position in SPS Commerce by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 18,479 shares of the software maker’s stock valued at $3,582,000 after purchasing an additional 81 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $188.16 on Friday. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 102.82 and a beta of 0.83. SPS Commerce, Inc. has a one year low of $151.96 and a one year high of $218.74. The stock has a 50-day simple moving average of $186.55 and a 200 day simple moving average of $184.62.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The business had revenue of $149.58 million during the quarter, compared to the consensus estimate of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. On average, equities research analysts forecast that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the completion of the transaction, the director now directly owns 14,728 shares in the company, valued at $2,855,759.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPSC shares. William Blair reissued a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Redburn Atlantic initiated coverage on SPS Commerce in a research report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of SPS Commerce in a research report on Friday, May 10th. Citigroup lifted their target price on SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Robert W. Baird lifted their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.25.

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.