Entropy Technologies LP Grows Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Entropy Technologies LP raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 71.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,916 shares of the software maker’s stock after acquiring an additional 800 shares during the quarter. Entropy Technologies LP’s holdings in SPS Commerce were worth $372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPSC. Mather Group LLC. boosted its position in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after acquiring an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in SPS Commerce in the second quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. DT Investment Partners LLC acquired a new stake in SPS Commerce during the second quarter worth approximately $63,000. Finally, Signaturefd LLC lifted its position in shares of SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Price Performance

SPS Commerce stock opened at $176.59 on Friday. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74. The stock’s 50 day moving average price is $187.26 and its 200 day moving average price is $191.22. The company has a market cap of $6.63 billion, a PE ratio of 84.49 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPSC shares. DA Davidson lifted their price target on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $205.00 to $209.00 in a research note 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 note on Friday, October 25th. Stifel Nicolaus boosted their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $223.63.

SPS Commerce 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.