SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Signaturefd LLC

Signaturefd LLC raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 334 shares of the software maker’s stock after acquiring an additional 69 shares during the period. Signaturefd LLC’s holdings in SPS Commerce were worth $65,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its holdings in SPS Commerce by 2,099.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock valued at $18,211,000 after buying an additional 92,381 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of SPS Commerce by 662.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 90,694 shares of the software maker’s stock valued at $17,065,000 after purchasing an additional 78,805 shares in the last quarter. F M Investments LLC acquired a new position in SPS Commerce in the 2nd quarter worth about $13,869,000. Hantz Financial Services Inc. purchased a new position in SPS Commerce during the second quarter worth approximately $12,876,000. Finally, Vanguard Group Inc. grew its holdings in SPS Commerce by 1.4% in the first 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 during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction on 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 in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SPSC shares. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Stifel Nicolaus increased their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research report on Friday, October 25th. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, Robert W. Baird increased their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $223.63.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $172.80 on Wednesday. The business has a fifty day moving average price of $192.17 and a 200 day moving average price of $190.73. SPS Commerce, Inc. has a one year low of $153.87 and a one year high of $218.74. The company has a market cap of $6.49 billion, a P/E ratio of 82.63 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. During the same period last year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, sell-side analysts predict that SPS Commerce, Inc. will post 2.32 EPS for the current fiscal year.

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.