Wealth Alliance Has $349,000 Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Wealth Alliance raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,855 shares of the software maker’s stock after buying an additional 169 shares during the period. Wealth Alliance’s holdings in SPS Commerce were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of SPS Commerce by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock valued at $803,798,000 after buying an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of SPS Commerce by 2.4% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock valued at $230,950,000 after acquiring an additional 28,970 shares during the period. Congress Asset Management Co. MA increased its stake in shares of 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 during the last quarter. William Blair Investment Management LLC raised its holdings in shares of SPS Commerce by 2.9% in the 1st quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock valued at $110,508,000 after purchasing an additional 17,012 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in SPS Commerce by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock valued at $93,583,000 after purchasing an additional 12,552 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $200.06, for a total transaction of $657,197.10. Following the sale, the director now directly owns 18,852 shares in the company, valued at $3,771,531.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,675 shares of company stock worth $1,551,735. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of research reports. Stifel Nicolaus raised their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Craig Hallum upped their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, August 2nd. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $195.65 on Friday. SPS Commerce, Inc. has a 1 year low of $151.96 and a 1 year high of $218.74. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 106.91 and a beta of 0.82. The company’s 50 day simple moving average is $197.81 and its 200 day simple moving average is $188.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The company had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter in the previous year, the firm earned $0.42 EPS. SPS Commerce’s revenue was up 17.8% on a year-over-year basis. As a group, analysts anticipate that SPS Commerce, Inc. will post 2.32 EPS for the current fiscal 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.