Azzad Asset Management Inc. ADV Has $2.91 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Azzad Asset Management Inc. ADV lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,742 shares of the software maker’s stock after selling 672 shares during the period. Azzad Asset Management Inc. ADV’s holdings in SPS Commerce were worth $2,911,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in SPS Commerce during the 4th quarter valued at about $26,000. CVA Family Office LLC acquired a new position in SPS Commerce during the 4th quarter valued at about $44,000. Parallel Advisors LLC boosted its stake in SPS Commerce by 52.9% during the 4th quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock valued at $66,000 after purchasing an additional 117 shares during the last quarter. RiverPark Advisors LLC boosted its stake in SPS Commerce by 43.9% during the 4th quarter. RiverPark Advisors LLC now owns 354 shares of the software maker’s stock valued at $69,000 after purchasing an additional 108 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in SPS Commerce by 73.7% during the 1st quarter. NBC Securities Inc. now owns 363 shares of the software maker’s stock valued at $67,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Down 1.2 %

NASDAQ:SPSC opened at $190.37 on Thursday. The stock has a market capitalization of $7.05 billion, a PE ratio of 104.03 and a beta of 0.85. The firm’s 50 day moving average is $187.79 and its 200 day moving average is $184.74. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 EPS 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%. Research analysts predict that SPS Commerce, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total value of $1,273,341.30. Following the sale, the director now owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on SPSC. Citigroup lifted their target price on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. William Blair reissued a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Redburn Atlantic began coverage on shares of SPS Commerce in a research report on Tuesday, May 14th. They set a “buy” rating and a $220.00 target price on the stock. Finally, Robert W. Baird lifted their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus price target of $200.25.

SPS Commerce Company Profile

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.