First Trust Advisors LP reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,626 shares of the software maker’s stock after selling 7,654 shares during the quarter. First Trust Advisors LP’s holdings in SPS Commerce were worth $3,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Enlightenment Research LLC bought a new position in shares of SPS Commerce in the fourth quarter worth approximately $25,000. Quantamental Technologies LLC bought a new position in shares of SPS Commerce in the fourth quarter worth approximately $33,000. JNBA Financial Advisors purchased a new position in shares of SPS Commerce in the fourth quarter worth $41,000. Public Employees Retirement System of Ohio purchased a new position in shares of SPS Commerce in the fourth quarter worth $55,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of SPS Commerce in the fourth quarter worth $74,000. Institutional investors and hedge funds own 95.27% of the company’s stock.
Several research firms have recently commented on SPSC. Benchmark reissued a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a report on Thursday, May 2nd. Zacks Investment Research downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Oppenheimer boosted their target price on shares of SPS Commerce from $112.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Northland Securities reissued a “buy” rating and issued a $125.00 target price on shares of SPS Commerce in a report on Friday, April 26th. Finally, First Analysis raised shares of SPS Commerce from a “neutral” rating to an “outperform” rating in a report on Friday, April 26th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. SPS Commerce presently has an average rating of “Buy” and an average target price of $110.58.
SPSC stock opened at $106.76 on Friday. SPS Commerce, Inc. has a one year low of $72.13 and a one year high of $115.00. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.90 billion, a PE ratio of 87.51, a P/E/G ratio of 4.46 and a beta of 0.74.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, April 25th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.30. The company had revenue of $66.93 million for the quarter, compared to the consensus estimate of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. SPS Commerce’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities research analysts predict that SPS Commerce, Inc. will post 1.6 EPS for the current year.
In related news, Director Sven Wehrwein sold 2,644 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $105.00, for a total transaction of $277,620.00. Following the sale, the director now owns 9,235 shares of the company’s stock, valued at $969,675. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Archie C. Black sold 2,365 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $109.27, for a total transaction of $258,423.55. Following the sale, the chief executive officer now directly owns 76,079 shares in the company, valued at approximately $8,313,152.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,254 shares of company stock worth $3,587,484. 3.34% of the stock is owned by insiders.
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SPS Commerce Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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