Wealth Enhancement Advisory Services LLC Buys 55 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,317 shares of the software maker’s stock after buying an additional 55 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SPS Commerce were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in shares of SPS Commerce by 18.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,388 shares of the software maker’s stock valued at $442,000 after purchasing an additional 377 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SPS Commerce by 8.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,838 shares of the software maker’s stock valued at $1,449,000 after purchasing an additional 581 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of SPS Commerce in the 1st quarter valued at about $858,000. Headlands Technologies LLC bought a new stake in shares of SPS Commerce in the 1st quarter valued at about $139,000. Finally, ProShare Advisors LLC raised its holdings in shares of SPS Commerce by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 7,402 shares of the software maker’s stock valued at $1,369,000 after purchasing an additional 509 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC opened at $187.17 on Tuesday. The stock has a 50-day moving average of $187.77 and a two-hundred day moving average of $191.32. The stock has a market cap of $7.03 billion, a P/E ratio of 89.56 and a beta of 0.84. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Craig Hallum boosted their price objective 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. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, Robert W. Baird raised their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.63.

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.