Algert Global LLC Acquires 3,734 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Algert Global LLC raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 25.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,675 shares of the software maker’s stock after acquiring an additional 3,734 shares during the period. Algert Global LLC owned approximately 0.05% of SPS Commerce worth $3,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Shaker Investments LLC OH raised its position in shares of SPS Commerce by 1.7% during the 2nd quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker’s stock valued at $564,000 after acquiring an additional 50 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of 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 buying an additional 67 shares in the last quarter. XTX Topco Ltd increased its position in shares of 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 buying an additional 82 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of 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 buying an additional 83 shares in the last quarter. Finally, CWM LLC increased its position in shares of SPS Commerce by 25.3% in the 2nd quarter. CWM LLC now owns 431 shares of the software maker’s stock valued at $81,000 after buying an additional 87 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

SPSC has been the subject of a number of recent analyst reports. DA Davidson upped 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. 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 report on Friday, July 26th. Northland Securities cut 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 report on Monday, July 29th. Robert W. Baird upped their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Craig Hallum upped their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $220.25.

SPS Commerce Price Performance

SPS Commerce stock opened at $194.17 on Tuesday. The firm has a 50-day moving average of $196.44 and a 200-day moving average of $189.08. SPS Commerce, Inc. has a one year low of $151.96 and a one year high of $218.74. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 106.10 and a beta of 0.82.

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 analysts’ consensus estimates 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 the consensus estimate of $151.87 million. During the same period in the prior year, the business posted $0.42 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts expect 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 firm’s stock in a transaction dated 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 in the company, valued at approximately $3,771,531.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction dated 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 owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock worth $1,551,735 in the last three months. Insiders own 1.00% of the company’s stock.

SPS Commerce 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.