SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 13.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,131 shares of the software maker’s stock after acquiring an additional 258 shares during the period. Inspire Investing LLC’s holdings in SPS Commerce were worth $414,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SPSC. Norden Group LLC increased its stake in SPS Commerce by 2,034.7% during the 1st quarter. Norden Group LLC now owns 211,680 shares of the software maker’s stock worth $39,138,000 after buying an additional 201,764 shares during the period. Public Employees Retirement Association of Colorado increased its stake in SPS Commerce by 2,099.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 96,782 shares of the software maker’s stock worth $18,211,000 after buying an additional 92,381 shares during the period. Assenagon Asset Management S.A. increased its stake in SPS Commerce by 662.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 90,694 shares of the software maker’s stock worth $17,065,000 after buying an additional 78,805 shares during the period. F M Investments LLC purchased a new stake in SPS Commerce during the 2nd quarter worth approximately $13,869,000. Finally, Hantz Financial Services Inc. purchased a new stake in SPS Commerce during the 2nd quarter worth approximately $12,876,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction on 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 sale, the director now owns 16,212 shares in the company, valued at $3,264,286.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Craig Hallum increased their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus increased their price objective on shares of SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 26th. DA Davidson increased their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Five research 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, the company has an average rating of “Moderate Buy” and an average target price of $220.25.

SPS Commerce Trading Up 0.1 %

Shares of SPS Commerce stock opened at $196.04 on Thursday. The company has a fifty day simple moving average of $193.64 and a 200-day simple moving average of $190.00. SPS Commerce, Inc. has a 12-month low of $151.96 and a 12-month high of $218.74. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 107.13 and a beta of 0.82.

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

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.