Commonwealth Equity Services LLC Has $469,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Commonwealth Equity Services LLC boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,493 shares of the software maker’s stock after purchasing an additional 232 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPS Commerce were worth $469,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its stake in shares of SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $30,000. UMB Bank n.a. raised its stake in shares of SPS Commerce by 224.7% in the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock valued at $44,000 after buying an additional 164 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of SPS Commerce in the 1st quarter valued at $60,000. Finally, DT Investment Partners LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SPSC shares. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research report on Friday, August 2nd. Craig Hallum increased their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Robert W. Baird increased their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $220.25.

SPS Commerce Stock Down 0.2 %

Shares of NASDAQ:SPSC opened at $195.33 on Friday. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74. The company’s 50-day moving average price is $197.70 and its two-hundred day moving average price is $188.73. The firm has a market cap of $7.23 billion, a P/E ratio of 106.74 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The firm had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 17.8% on a year-over-year basis. As a group, equities analysts predict that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Philip Soran sold 2,390 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the transaction, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,675 shares of company stock valued at $1,551,735 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.