Azzad Asset Management Inc. ADV Has $2.91 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Azzad Asset Management Inc. ADV trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,742 shares of the software maker’s stock after selling 672 shares during the period. Azzad Asset Management Inc. ADV’s holdings in SPS Commerce were worth $2,911,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. First Bank & Trust bought a new stake in SPS Commerce during the 1st quarter worth approximately $275,000. Congress Asset Management Co. MA increased its stake in SPS Commerce by 1.5% during the 1st quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after purchasing an additional 12,397 shares in the last quarter. Park Avenue Securities LLC increased its stake in SPS Commerce by 14.3% during the 1st quarter. Park Avenue Securities LLC now owns 4,434 shares of the software maker’s stock worth $820,000 after purchasing an additional 555 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SPS Commerce by 30.7% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the software maker’s stock worth $136,000 after acquiring an additional 173 shares in the last quarter. Finally, NBC Securities Inc. grew its stake in shares of SPS Commerce by 73.7% during the 1st quarter. NBC Securities Inc. now owns 363 shares of the software maker’s stock worth $67,000 after acquiring an additional 154 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James Burr Ramsey sold 6,567 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the sale, the director now owns 14,728 shares in the company, valued at $2,855,759.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented 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 issued a $205.00 target price on shares of SPS Commerce in a research report on Friday, May 10th. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Citigroup boosted their price target 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, Redburn Atlantic initiated coverage on SPS Commerce in a report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $200.25.

SPS Commerce Stock Performance

SPS Commerce stock opened at $190.37 on Thursday. SPS Commerce, Inc. has a 52 week low of $151.96 and a 52 week high of $218.74. The stock has a market capitalization of $7.05 billion, a P/E ratio of 104.03 and a beta of 0.85. The stock has a 50-day simple moving average of $187.79 and a 200 day simple moving average of $184.74.

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. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The business had revenue of $149.58 million during the quarter, compared to analysts’ expectations of $146.50 million. Research analysts forecast 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.