Zurcher Kantonalbank Zurich Cantonalbank Sells 175 Shares of SPS Commerce, Inc. (SPSC)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 5.9% during the first quarter, HoldingsChannel reports. The firm owned 2,803 shares of the software maker’s stock after selling 175 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SPS Commerce were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zacks Investment Management raised its stake in SPS Commerce by 0.6% during the fourth quarter. Zacks Investment Management now owns 28,509 shares of the software maker’s stock valued at $2,349,000 after purchasing an additional 168 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of SPS Commerce by 4.5% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,195 shares of the software maker’s stock valued at $346,000 after acquiring an additional 179 shares during the period. State of Alaska Department of Revenue raised its stake in shares of SPS Commerce by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 5,911 shares of the software maker’s stock valued at $486,000 after acquiring an additional 195 shares during the period. New York State Common Retirement Fund raised its stake in shares of SPS Commerce by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 33,338 shares of the software maker’s stock valued at $2,746,000 after acquiring an additional 239 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of SPS Commerce by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,405 shares of the software maker’s stock valued at $1,022,000 after acquiring an additional 272 shares during the period. 93.34% of the stock is currently owned by institutional investors.

NASDAQ SPSC opened at $103.60 on Wednesday. The stock has a market capitalization of $1.85 billion, a PE ratio of 84.92, a P/E/G ratio of 4.30 and a beta of 0.78. SPS Commerce, Inc. has a 12 month low of $68.80 and a 12 month high of $115.00.



SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.30. The firm had revenue of $66.93 million for the quarter, compared to analysts’ expectations of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, research analysts predict that SPS Commerce, Inc. will post 1.6 EPS for the current year.

Several brokerages have recently weighed in on SPSC. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $124.00 target price on the stock in a research note on Wednesday, May 1st. BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a research note on Thursday, May 2nd. Finally, Northland Securities reissued a “buy” rating and issued a $125.00 target price on shares of SPS Commerce in a research note on Friday, April 26th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $110.58.

In other news, CEO Archie C. Black sold 8,645 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $104.23, for a total value of $901,068.35. Following the transaction, the chief executive officer now directly owns 86,989 shares in the company, valued at $9,066,863.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $104.23, for a total transaction of $2,084,600.00. Following the completion of the transaction, the chief financial officer now owns 70,987 shares in the company, valued at $7,398,975.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,746 shares of company stock worth $4,224,902. Company insiders own 3.34% of the company’s stock.

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SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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