Cetera Investment Advisers Reduces Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Cetera Investment Advisers decreased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,499 shares of the software maker’s stock after selling 220 shares during the period. Cetera Investment Advisers’ holdings in SPS Commerce were worth $1,411,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Shaker Investments LLC OH boosted its holdings in shares of SPS Commerce by 1.7% in the 2nd quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after buying an additional 50 shares in the last quarter. Arkadios Wealth Advisors grew its stake in SPS Commerce by 1.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker’s stock valued at $707,000 after acquiring an additional 67 shares during the period. XTX Topco Ltd lifted its holdings in SPS Commerce by 4.9% in the 2nd quarter. XTX Topco Ltd now owns 1,744 shares of the software maker’s stock valued at $328,000 after purchasing an additional 82 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 purchasing an additional 83 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of SPS Commerce by 25.3% during the 2nd quarter. CWM LLC now owns 431 shares of the software maker’s stock worth $81,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SPSC. Stifel Nicolaus lifted their price target on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Craig Hallum boosted their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Friday, August 2nd. Robert W. Baird boosted their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

SPS Commerce Price Performance

NASDAQ SPSC opened at $195.82 on Wednesday. The company has a market cap of $7.25 billion, a P/E ratio of 107.01 and a beta of 0.82. The stock has a 50-day moving average of $193.57 and a two-hundred day moving average of $189.93. SPS Commerce, Inc. has a 1-year low of $151.96 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. SPS Commerce’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, analysts anticipate that SPS Commerce, Inc. will post 2.32 EPS for the current fiscal year.

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.