Quest Partners LLC Increases Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Quest Partners LLC lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 85.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,028 shares of the software maker's stock after purchasing an additional 5,553 shares during the period. Quest Partners LLC's holdings in SPS Commerce were worth $2,335,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SPSC. Mather Group LLC. lifted its position in shares of 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 period. Opal Wealth Advisors LLC acquired a new position in SPS Commerce in the second quarter valued at $30,000. Blue Trust Inc. boosted its position in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. DT Investment Partners LLC bought a new position in shares of SPS Commerce in the 2nd quarter worth about $63,000. Finally, Signaturefd LLC increased its holdings in SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker's stock worth $65,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

SPS Commerce Trading Up 0.4 %

Shares of SPSC stock traded up $0.67 during trading hours on Monday, hitting $177.26. 83,085 shares of the company were exchanged, compared to its average volume of 184,124. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 84.49 and a beta of 0.84. The firm has a fifty day simple moving average of $187.26 and a 200 day simple moving average of $191.43. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results 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 for 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 business's revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares of the company's stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPSC. Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Craig Hallum raised their target price on SPS Commerce from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Robert W. Baird upped their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. Northland Capmk downgraded SPS Commerce from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus increased their price objective on SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.