Exchange Traded Concepts LLC Increases Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Exchange Traded Concepts LLC boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 63.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659 shares of the software maker’s stock after purchasing an additional 255 shares during the period. Exchange Traded Concepts LLC’s holdings in SPS Commerce were worth $128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SPSC. Mather Group LLC. increased its holdings in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in SPS Commerce during the second quarter worth $30,000. Fidelis Capital Partners LLC purchased a new stake in SPS Commerce in the first quarter valued at $60,000. DT Investment Partners LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $63,000. Finally, NBC Securities Inc. grew its holdings in shares of SPS Commerce by 73.7% during the 1st quarter. NBC Securities Inc. now owns 363 shares of the software maker’s stock worth $67,000 after purchasing an additional 154 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. 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. Robert W. Baird upped their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Stifel Nicolaus lifted their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 26th. DA Davidson boosted their target price on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.25.

SPS Commerce Stock Down 0.8 %

NASDAQ:SPSC opened at $191.43 on Wednesday. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 99.70 and a beta of 0.82. SPS Commerce, Inc. has a 52 week low of $151.96 and a 52 week high of $218.74. The company has a fifty day simple moving average of $193.42 and a two-hundred day simple moving average of $190.56.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $153.60 million for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. On average, analysts expect that SPS Commerce, Inc. will post 2.32 EPS for the current year.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

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.