Los Angeles Capital Management LLC Raises Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Los Angeles Capital Management LLC boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,240 shares of the software maker’s stock after purchasing an additional 2,416 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SPS Commerce were worth $4,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in SPS Commerce by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock worth $725,186,000 after purchasing an additional 33,874 shares in the last quarter. Ameriprise Financial Inc. lifted its position in SPS Commerce by 27.6% during the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock valued at $101,449,000 after purchasing an additional 128,788 shares during the period. William Blair Investment Management LLC boosted its holdings in SPS Commerce by 19.0% in the third quarter. William Blair Investment Management LLC now owns 569,458 shares of the software maker’s stock worth $97,155,000 after purchasing an additional 90,964 shares during the last quarter. FMR LLC grew its position in SPS Commerce by 0.4% in the 3rd quarter. FMR LLC now owns 507,955 shares of the software maker’s stock worth $86,662,000 after purchasing an additional 2,152 shares during the period. Finally, Northern Trust Corp raised its stake in SPS Commerce by 1.0% during the 3rd quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock valued at $83,780,000 after buying an additional 4,764 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Insider Activity at SPS Commerce

In other news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the transaction, the director now owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other SPS Commerce news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the sale, the director now directly owns 71,852 shares in the company, valued at approximately $13,045,449.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sven Wehrwein sold 2,408 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares in the company, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,019 shares of company stock worth $5,186,345. 1.00% of the stock is owned by corporate insiders.

SPS Commerce Stock Up 0.2 %

SPSC stock opened at $182.41 on Monday. The business’s 50-day moving average price is $178.39 and its 200-day moving average price is $179.55. The stock has a market cap of $6.75 billion, a P/E ratio of 99.68 and a beta of 0.81. SPS Commerce, Inc. has a twelve month low of $147.90 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $144.97 million for the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. On average, equities research analysts expect that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup started coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target on the stock. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of SPS Commerce in a research report on Friday, April 26th. Robert W. Baird increased their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $196.57.

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.