SPS Commerce, Inc. (NASDAQ:SPSC) Stock Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,493 shares of the software maker’s stock after acquiring an additional 232 shares during the period. Commonwealth Equity Services LLC’s holdings in SPS Commerce were worth $469,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPSC. Norges Bank purchased a new position in shares of SPS Commerce in the fourth quarter worth approximately $74,977,000. Coldstream Capital Management Inc. acquired a new stake in shares of SPS Commerce during the fourth quarter worth approximately $203,000. EverSource Wealth Advisors LLC increased its stake 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 period. Parallel Advisors LLC increased its stake in SPS Commerce by 52.9% in the 4th quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock valued at $66,000 after buying an additional 117 shares during the period. Finally, Focus Financial Network Inc. ADV acquired a new position in SPS Commerce in the 4th quarter valued at approximately $3,396,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on SPSC shares. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Craig Hallum upped their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus upped their price objective on shares of SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities lowered shares of SPS Commerce from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Finally, Robert W. Baird upped their price objective 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. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.25.

Insider Buying and Selling

In related news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction 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 sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction 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 sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $402,700.00. Following 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 sold 7,675 shares of company stock valued at $1,551,735. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Down 0.2 %

SPSC stock opened at $195.33 on Friday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 106.74 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 firm has a 50 day moving average of $197.70 and a two-hundred day moving average of $188.73.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data 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. The business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. SPS Commerce’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, research analysts expect 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.