Creative Planning Boosts Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Creative Planning lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,069 shares of the software maker’s stock after acquiring an additional 1,204 shares during the quarter. Creative Planning’s holdings in SPS Commerce were worth $1,955,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Mather Group LLC. increased its holdings in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after buying an additional 128 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in SPS Commerce during the second quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in SPS Commerce during the first quarter worth $60,000. DT Investment Partners LLC acquired a new position in SPS Commerce in the second quarter worth $63,000. Finally, CWM LLC increased its stake in SPS Commerce by 25.3% during the second quarter. CWM LLC now owns 431 shares of the software maker’s stock valued at $81,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of several recent research reports. Stifel Nicolaus upped their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday. Northland Securities lowered 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. Craig Hallum raised their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.63.

SPS Commerce Stock Up 0.3 %

SPS Commerce stock opened at $171.01 on Tuesday. The stock has a 50-day simple moving average of $192.69 and a 200 day simple moving average of $190.73. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 81.82 and a beta of 0.82. SPS Commerce, Inc. has a 12-month low of $153.87 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million for the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. SPS Commerce’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.32 EPS for the current year.

Insider Activity

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the company’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 transaction, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.