Pembroke Management LTD Sells 16,404 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Pembroke Management LTD reduced its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,581 shares of the software maker's stock after selling 16,404 shares during the quarter. SPS Commerce comprises 1.9% of Pembroke Management LTD's holdings, making the stock its 24th largest holding. Pembroke Management LTD owned 0.20% of SPS Commerce worth $14,676,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SPSC. Mather Group LLC. grew its holdings in shares of SPS Commerce by 800.0% during 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 acquired a new position in SPS Commerce during the 2nd quarter valued at about $30,000. Blue Trust Inc. increased its holdings in 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 purchasing an additional 100 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of SPS Commerce in the first quarter worth approximately $60,000. Finally, DT Investment Partners LLC bought a new position in shares of SPS Commerce in the second quarter valued at approximately $63,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPSC has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a "buy" rating in a research note 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 note on Friday, July 26th. Needham & Company LLC restated a "buy" rating and issued a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Northland Capmk cut SPS Commerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $223.63.

SPS Commerce Stock Up 0.9 %

NASDAQ:SPSC traded up $1.47 during mid-day trading on Friday, hitting $166.47. 263,828 shares of the stock traded hands, compared to its average volume of 220,695. The business's 50-day moving average price is $189.97 and its 200 day moving average price is $190.62. The company has a market cap of $6.25 billion, a PE ratio of 79.65 and a beta of 0.84. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted 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 company had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Analysts anticipate that SPS Commerce, Inc. will post 2.39 earnings per share for the current fiscal year.

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 stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now owns 16,212 shares of the company's stock, 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. 1.00% of the stock is owned by company insiders.

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.