share_log

AdvisorNet Financial Inc Buys Shares of 550 SPS Commerce, Inc. (NASDAQ:SPSC)

Defense World ·  Sep 23, 2022 04:41

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.

Get SPS Commerce alerts:

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.

SPS Commerce (NASDAQ:SPSC – Get Rating) last issued its earnings results on Wednesday, July 27th. The software maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $109.18 million for the quarter, compared to analyst estimates of $108.95 million. SPS Commerce had a return on equity of 10.61% and a net margin of 11.46%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. Sell-side analysts predict that SPS Commerce, Inc. will post 1.5 earnings per share for the current year.

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.

Read More

  • Get a free copy of the StockNews.com research report on SPS Commerce (SPSC)
  • What Steelcase's Earnings Say About the Return to the Office?
  • The Institutions Hold On To Darden Restaurants International
  • Is The Golden Age Of Homebuilding Already Over?
  • These 3 Big Dividend Payers Also Boast Strong Price Growth
  • Natural Gas Prices Continue To Rally, These Stocks Should Benefit

Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating).

Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment