International Assets Investment Management LLC raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9,418.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,709 shares of the software maker's stock after buying an additional 9,607 shares during the quarter. International Assets Investment Management LLC's holdings in SPS Commerce were worth $1,885,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Signaturefd LLC increased its holdings in shares of SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker's stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in SPS Commerce by 3.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 12,562 shares of the software maker's stock valued at $2,439,000 after buying an additional 365 shares in the last quarter. Whittier Trust Co. increased its stake in shares of SPS Commerce by 4.4% in the 3rd quarter. Whittier Trust Co. now owns 23,934 shares of the software maker's stock worth $4,647,000 after acquiring an additional 999 shares during the last quarter. Blue Trust Inc. raised 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 acquiring an additional 100 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in shares of SPS Commerce during the 3rd quarter valued at about $319,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.
SPS Commerce Price Performance
Shares of NASDAQ:SPSC traded up $0.73 during trading on Monday, hitting $167.20. 175,602 shares of the company were exchanged, compared to its average volume of 182,853. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The stock has a market capitalization of $6.28 billion, a P/E ratio of 79.50 and a beta of 0.84. The firm's 50 day moving average price is $189.97 and its 200-day moving average price is $190.82.
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 for the quarter, beating 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 business had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company's revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have commented on SPSC. DA Davidson lifted 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 SPS Commerce from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Northland Securities cut SPS Commerce from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Stifel Nicolaus upped their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Northland Capmk cut SPS Commerce from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $223.63.
Read Our Latest Stock Report on SPSC
Insider Activity at SPS Commerce
In other SPS Commerce 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 value of $402,700.00. Following the sale, the director now owns 16,212 shares of the company's stock, valued at approximately $3,264,286.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.
SPS Commerce Company Profile
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Free Report)
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.
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