First Bank & Trust Invests $275,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

First Bank & Trust acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,487 shares of the software maker’s stock, valued at approximately $275,000.

Other hedge funds also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of SPS Commerce during the fourth quarter worth approximately $26,000. CVA Family Office LLC acquired a new stake in shares of SPS Commerce during the fourth quarter worth approximately $44,000. Parallel Advisors LLC increased its holdings in shares of SPS Commerce by 52.9% during the fourth quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock worth $66,000 after buying an additional 117 shares in the last quarter. RiverPark Advisors LLC increased its holdings in shares of SPS Commerce by 43.9% during the fourth quarter. RiverPark Advisors LLC now owns 354 shares of the software maker’s stock worth $69,000 after buying an additional 108 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in shares of SPS Commerce by 73.7% during the first quarter. NBC Securities Inc. now owns 363 shares of the software maker’s stock worth $67,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, April 26th. William Blair reissued a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. Citigroup raised their price target on shares of SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a report on Friday, May 10th. Redburn Atlantic assumed coverage on shares of SPS Commerce in a report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $200.25.

Insider Transactions at SPS Commerce

In other news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the transaction, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

SPSC opened at $188.16 on Friday. The company has a fifty day moving average price of $186.55 and a two-hundred day moving average price of $184.62. SPS Commerce, Inc. has a 52 week low of $151.96 and a 52 week high of $218.74. The firm has a market capitalization of $6.97 billion, a PE ratio of 102.82 and a beta of 0.83.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The company had revenue of $149.58 million for the quarter, compared to analysts’ expectations of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. Equities analysts forecast that SPS Commerce, Inc. will post 2.23 EPS for the current year.

About SPS Commerce

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