AlphaCrest Capital Management LLC reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 20.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,974 shares of the software maker's stock after selling 1,805 shares during the quarter. AlphaCrest Capital Management LLC's holdings in SPS Commerce were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the company. Conestoga Capital Advisors LLC increased its position in SPS Commerce by 1.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,832,943 shares of the software maker's stock worth $240,482,000 after buying an additional 24,504 shares during the last quarter. Congress Asset Management Co. MA grew its position in shares of SPS Commerce by 9.7% in the first quarter. Congress Asset Management Co. MA now owns 1,010,339 shares of the software maker's stock valued at $132,556,000 after purchasing an additional 89,021 shares in the last quarter. Riverbridge Partners LLC grew its position in shares of SPS Commerce by 10.2% in the first quarter. Riverbridge Partners LLC now owns 971,524 shares of the software maker's stock valued at $127,464,000 after purchasing an additional 89,681 shares in the last quarter. Geode Capital Management LLC grew its position in shares of SPS Commerce by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 663,382 shares of the software maker's stock valued at $94,432,000 after purchasing an additional 14,272 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of SPS Commerce by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 393,822 shares of the software maker's stock valued at $56,060,000 after purchasing an additional 16,074 shares in the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.
Get SPS Commerce alerts:Insiders Place Their Bets
In other SPS Commerce news, Director Sven Wehrwein sold 1,000 shares of SPS Commerce stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $132.99, for a total transaction of $132,990.00. Following the completion of the sale, the director now owns 17,684 shares of the company's stock, valued at $2,351,795.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company's stock.
SPS Commerce Stock Down 1.5 %
SPS Commerce stock opened at $117.28 on Friday. SPS Commerce, Inc. has a 52 week low of $96.41 and a 52 week high of $174.42. The business has a 50-day simple moving average of $119.59 and a 200 day simple moving average of $118.92. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 91.63 and a beta of 0.77.SPS Commerce (NASDAQ:SPSC – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. SPS Commerce had a return on equity of 10.61% and a net margin of 11.46%. The firm had revenue of $109.18 million during the quarter, compared to analyst estimates of $108.95 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company's revenue was up 15.5% compared to the same quarter last year. On average, research analysts anticipate that SPS Commerce, Inc. will post 1.5 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Needham & Company LLC reduced their price target on SPS Commerce from $200.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, July 21st. Craig Hallum reduced their price target on SPS Commerce from $210.00 to $160.00 in a research report on Thursday, July 28th. Finally, StockNews.com upgraded SPS Commerce from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, SPS Commerce currently has an average rating of "Moderate Buy" and an average price target of $163.14.
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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