Marshall Wace LLP Has $466,000 Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Marshall Wace LLP lessened its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 80.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,475 shares of the software maker’s stock after selling 10,240 shares during the period. Marshall Wace LLP’s holdings in SPS Commerce were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SPSC. Norden Group LLC increased its position in SPS Commerce by 2,034.7% in the 1st quarter. Norden Group LLC now owns 211,680 shares of the software maker’s stock valued at $39,138,000 after acquiring an additional 201,764 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of SPS Commerce by 2,099.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock valued at $18,211,000 after purchasing an additional 92,381 shares in the last quarter. Assenagon Asset Management S.A. raised its position in SPS Commerce by 662.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 90,694 shares of the software maker’s stock worth $17,065,000 after purchasing an additional 78,805 shares during the last quarter. F M Investments LLC acquired a new position in SPS Commerce during the 2nd quarter worth $13,869,000. Finally, Hantz Financial Services Inc. bought a new position in SPS Commerce in the 2nd quarter valued at $12,876,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Down 1.6 %

SPSC opened at $195.31 on Friday. The stock has a market cap of $7.25 billion, a P/E ratio of 106.73 and a beta of 0.82. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74. The company has a fifty day simple moving average of $193.52 and a 200 day simple moving average of $189.63.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $151.87 million. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts expect that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction 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 directly owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other SPS Commerce news, 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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip Soran sold 2,390 shares of SPS Commerce stock in a transaction that occurred on Tuesday, July 16th. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPSC. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price target for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Robert W. Baird raised their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Stifel Nicolaus boosted their price target 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. 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 note on Friday, July 26th. Finally, Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $220.25.

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.