F M Investments LLC Decreases Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

F M Investments LLC lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 20.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 58,477 shares of the software maker's stock after selling 15,232 shares during the period. F M Investments LLC owned about 0.16% of SPS Commerce worth $11,354,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of SPS Commerce by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker's stock worth $803,798,000 after purchasing an additional 58,525 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of SPS Commerce by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker's stock worth $242,437,000 after purchasing an additional 21,170 shares during the period. William Blair Investment Management LLC lifted its position in shares of SPS Commerce by 2.9% in the 1st quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker's stock worth $110,508,000 after purchasing an additional 17,012 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SPS Commerce by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker's stock worth $93,583,000 after purchasing an additional 12,552 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of SPS Commerce by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 340,419 shares of the software maker's stock worth $64,053,000 after purchasing an additional 22,928 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird increased their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Northland Securities cut shares of SPS Commerce from an "outperform" rating to a "market perform" rating and increased their target price for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Northland Capmk cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Stifel Nicolaus increased their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, 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 report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $223.63.

SPS Commerce Price Performance

SPS Commerce stock traded up $1.47 during mid-day trading on Friday, reaching $166.47. 263,828 shares of the company traded hands, compared to its average volume of 220,695. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 79.65 and a beta of 0.84. The firm's fifty day moving average is $189.97 and its two-hundred day moving average is $190.43.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.09. The firm 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%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, equities research analysts predict that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Insider Transactions at SPS Commerce

In other 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 value of $402,700.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

About SPS Commerce

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.