Marquette Asset Management LLC Has $522,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Marquette Asset Management LLC trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,690 shares of the software maker’s stock after selling 278 shares during the quarter. Marquette Asset Management LLC’s holdings in SPS Commerce were worth $522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in SPS Commerce in the second quarter valued at about $30,000. UMB Bank n.a. grew its stake in SPS Commerce by 224.7% during the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after buying an additional 164 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of SPS Commerce during the first quarter worth approximately $60,000. Finally, DT Investment Partners LLC bought a new position in shares of SPS Commerce in the second quarter valued at approximately $63,000. 98.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Philip Soran sold 3,285 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the completion of the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,771,531.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction on 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 owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated 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 owns 16,212 shares in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,675 shares of company stock worth $1,551,735. Insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

SPSC opened at $192.60 on Wednesday. SPS Commerce, Inc. has a fifty-two week low of $151.96 and a fifty-two week high of $218.74. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 105.25 and a beta of 0.82. The firm has a 50 day simple moving average of $194.13 and a 200 day simple moving average of $189.53.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. 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 company posted $0.42 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, analysts expect that SPS Commerce, Inc. will post 2.32 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPSC shares. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Craig Hallum lifted their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird upped their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. DA Davidson raised their price objective 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, Stifel Nicolaus upped their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.25.

About SPS Commerce

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.