Conestoga Capital Advisors LLC Grows Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Conestoga Capital Advisors LLC increased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,248,581 shares of the software maker's stock after buying an additional 21,170 shares during the quarter. SPS Commerce accounts for approximately 3.3% of Conestoga Capital Advisors LLC's holdings, making the stock its 7th biggest position. Conestoga Capital Advisors LLC owned approximately 3.32% of SPS Commerce worth $242,437,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SPSC. Mather Group LLC. lifted its holdings in SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker's stock worth $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of SPS Commerce in the second quarter worth $30,000. Blue Trust Inc. boosted its holdings in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after buying an additional 100 shares during the period. Fidelis Capital Partners LLC acquired a new position in SPS Commerce in the 1st quarter valued at $60,000. Finally, DT Investment Partners LLC bought a new position in SPS Commerce in the 2nd quarter worth $63,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

SPS Commerce Stock Performance

SPS Commerce stock traded up $1.47 during trading hours on Friday, hitting $166.47. 263,827 shares of the stock were exchanged, compared to its average volume of 182,887. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74. The business's 50-day moving average is $190.61 and its two-hundred day moving average is $190.43. The stock has a market capitalization of $6.25 billion, a P/E ratio of 79.60 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SPSC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Northland Capmk lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Craig Hallum upped 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. DA Davidson increased their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Northland Securities lowered SPS Commerce from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $205.00 to $209.00 in a research note 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. According to data from MarketBeat, SPS Commerce presently has a consensus rating of "Moderate Buy" and an average price target of $223.63.

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.