Stephens Investment Management Group LLC Trims Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Stephens Investment Management Group LLC decreased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 27.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,302 shares of the software maker’s stock after selling 45,316 shares during the period. Stephens Investment Management Group LLC owned about 0.31% of SPS Commerce worth $22,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of SPS Commerce by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 13,228 shares of the software maker’s stock worth $2,446,000 after buying an additional 3,538 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of SPS Commerce during the 1st quarter worth $595,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of SPS Commerce by 36.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 204,042 shares of the software maker’s stock worth $37,727,000 after buying an additional 54,600 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of SPS Commerce by 15.9% during the 1st quarter. BNP Paribas Financial Markets now owns 38,749 shares of the software maker’s stock worth $7,165,000 after buying an additional 5,306 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of SPS Commerce by 18.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,388 shares of the software maker’s stock worth $442,000 after buying an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 0.9 %

Shares of NASDAQ:SPSC opened at $166.47 on Friday. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 79.65 and a beta of 0.82. The business has a 50-day moving average price of $190.61 and a 200-day moving average price of $190.43.

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

Insider Activity at SPS Commerce

In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction that occurred on Friday, August 9th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SPSC shares. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $205.00 to $209.00 in a research report on Monday, July 29th. DA Davidson raised their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Craig Hallum raised their price objective on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus raised their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.