Handelsbanken Fonder AB decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 26.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,100 shares of the software maker's stock after selling 1,800 shares during the period. Handelsbanken Fonder AB's holdings in SPS Commerce were worth $669,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Standard Family Office LLC acquired a new stake in shares of SPS Commerce during the 4th quarter worth approximately $94,000. Conestoga Capital Advisors LLC lifted its stake in SPS Commerce by 1.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,832,943 shares of the software maker's stock valued at $240,482,000 after purchasing an additional 24,504 shares during the last quarter. Mcmorgan & Co. LLC lifted its stake in SPS Commerce by 2.5% in the 4th quarter. Mcmorgan & Co. LLC now owns 8,305 shares of the software maker's stock valued at $1,182,000 after purchasing an additional 200 shares during the last quarter. Pembroke Management LTD lifted its stake in SPS Commerce by 22.7% in the 1st quarter. Pembroke Management LTD now owns 155,623 shares of the software maker's stock valued at $20,418,000 after purchasing an additional 28,796 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in SPS Commerce by 437.3% in the 1st quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker's stock valued at $42,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 99.09% of the company's stock.
Get SPS Commerce alerts:SPS Commerce Stock Performance
SPSC stock opened at $122.14 on Wednesday. The company has a fifty day moving average price of $118.78 and a 200-day moving average price of $118.88. The company has a market capitalization of $4.40 billion, a P/E ratio of 95.42 and a beta of 0.77. SPS Commerce, Inc. has a 52-week low of $96.41 and a 52-week high of $174.42.
SPS Commerce (NASDAQ:SPSC – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. SPS Commerce had a net margin of 11.46% and a return on equity of 10.61%. The firm had revenue of $109.18 million during the quarter, compared to the consensus estimate of $108.95 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 1.5 earnings per share for the current fiscal year.Analysts Set New Price Targets
Several brokerages recently commented on SPSC. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $200.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, July 21st. StockNews.com raised shares of SPS Commerce from a "hold" rating to a "buy" rating in a research note on Friday, August 5th. Finally, Craig Hallum dropped their price objective on shares of SPS Commerce from $210.00 to $160.00 in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.50.
Insider Buying and Selling
In related news, Director Sven Wehrwein sold 1,000 shares of SPS Commerce stock in a transaction on Monday, August 15th. The shares were sold at an average price of $132.99, for a total transaction of $132,990.00. Following the completion of the transaction, the director now owns 17,684 shares of the company's stock, valued at $2,351,795.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.
SPS Commerce Company Profile
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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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