AdvisorNet Financial Inc bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 550 shares of the software maker's stock, valued at approximately $62,000.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in SPS Commerce by 151.8% during the 1st quarter. CWM LLC now owns 214 shares of the software maker's stock valued at $28,000 after buying an additional 129 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in SPS Commerce by 153.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 274 shares of the software maker's stock valued at $39,000 after buying an additional 166 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in SPS Commerce by 437.3% during the 1st quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker's stock valued at $42,000 after buying an additional 258 shares during the last quarter. Standard Family Office LLC acquired a new stake in SPS Commerce during the 4th quarter valued at $94,000. Finally, Nisa Investment Advisors LLC grew its holdings in SPS Commerce by 30.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,241 shares of the software maker's stock valued at $163,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds own 99.09% of the company's stock.

SPS Commerce Trading Down 2.2 %

Shares of SPSC opened at $119.52 on Friday. The firm has a market capitalization of $4.30 billion, a P/E ratio of 93.38 and a beta of 0.76. The stock's fifty day simple moving average is $122.72 and its 200 day simple moving average is $118.36. SPS Commerce, Inc. has a twelve month low of $96.41 and a twelve month high of $174.42.

Insider Buying and Selling

In other SPS Commerce news, Director Sven Wehrwein sold 1,000 shares of the firm's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $132.99, for a total value of $132,990.00. Following the transaction, the director now directly owns 17,684 shares of the company's stock, valued at $2,351,795.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

SPSC has been the topic of several analyst reports. Needham & Company LLC decreased their price objective on SPS Commerce from $200.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, July 21st. StockNews.com upgraded SPS Commerce from a "hold" rating to a "buy" rating in a report on Friday, August 5th. Finally, Craig Hallum decreased their price objective on SPS Commerce from $210.00 to $160.00 in a report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

About SPS Commerce

(Get Rating)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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