Inspire Investing LLC Lowers Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Inspire Investing LLC reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,873 shares of the software maker’s stock after selling 64 shares during the period. Inspire Investing LLC’s holdings in SPS Commerce were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPSC. Vanguard Group Inc. increased its stake in SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock valued at $803,798,000 after purchasing an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of SPS Commerce by 2.4% in the second quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock worth $230,950,000 after buying an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of SPS Commerce by 1.5% during the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock valued at $155,928,000 after buying an additional 12,397 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of SPS Commerce by 2.9% during the first quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock valued at $110,508,000 after acquiring an additional 17,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in SPS Commerce by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after acquiring an additional 12,552 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Down 0.0 %

Shares of SPSC stock opened at $195.31 on Tuesday. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74. The stock has a market cap of $7.23 billion, a P/E ratio of 106.73 and a beta of 0.82. The company has a 50 day simple moving average of $197.55 and a two-hundred day simple moving average of $188.84.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $153.60 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.32 earnings per share for the current year.

Insider Transactions at SPS Commerce

In related news, Director Philip Soran sold 3,285 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total value 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Sven Wehrwein sold 2,000 shares of the company’s 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 completion of the transaction, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Philip Soran sold 3,285 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $200.06, for a total value 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. The disclosure for this sale can be found here. Insiders have sold 7,675 shares of company stock valued at $1,551,735 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson lifted their target price on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Robert W. Baird raised their price target 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. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Craig Hallum increased their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.