Public Employees Retirement Association of Colorado Has $18.21 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Public Employees Retirement Association of Colorado grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 2,099.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 96,782 shares of the software maker’s stock after acquiring an additional 92,381 shares during the period. Public Employees Retirement Association of Colorado owned 0.26% of SPS Commerce worth $18,211,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Shaker Investments LLC OH raised its position in SPS Commerce by 1.7% in the second quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in SPS Commerce by 10.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after buying an additional 56 shares during the last quarter. Arkadios Wealth Advisors boosted its position in SPS Commerce by 1.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock worth $707,000 after buying an additional 67 shares during the period. XTX Topco Ltd grew its holdings in SPS Commerce by 4.9% during the 2nd quarter. XTX Topco Ltd now owns 1,744 shares of the software maker’s stock worth $328,000 after acquiring an additional 82 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in SPS Commerce by 7.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,203 shares of the software maker’s stock valued at $226,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPSC. Stifel Nicolaus boosted their price objective 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. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Craig Hallum lifted their price objective on SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. DA Davidson increased their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird raised their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

Insider Activity

In related news, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total transaction of $491,838.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the sale, the director now owns 18,852 shares in the company, valued at $3,879,553.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now directly owns 16,212 shares in the company, valued at $3,264,286.20. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock worth $1,551,735 in the last three months. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Down 0.2 %

Shares of SPSC stock opened at $195.33 on Friday. The firm has a 50 day moving average of $197.70 and a 200-day moving average of $188.65. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 106.74 and a beta of 0.82. SPS Commerce, Inc. has a 52 week low of $151.96 and a 52 week high of $218.74.

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 net margin of 12.31% and a return on equity of 12.41%. The business had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $151.87 million. During the same period last year, the company posted $0.42 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts anticipate that SPS Commerce, Inc. will post 2.32 earnings per share for the current year.

SPS Commerce 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.