Diversify Advisory Services LLC Acquires New Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Diversify Advisory Services LLC acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,229 shares of the software maker’s stock, valued at approximately $595,000.

A number of other large investors have also made changes to their positions in SPSC. LPL Financial LLC boosted its stake in shares of SPS Commerce by 5.8% during the third quarter. LPL Financial LLC now owns 23,080 shares of the software maker’s stock valued at $3,919,000 after acquiring an additional 1,274 shares during the last quarter. Mariner LLC boosted its stake in SPS Commerce by 7.3% in the 3rd quarter. Mariner LLC now owns 3,157 shares of the software maker’s stock worth $539,000 after buying an additional 214 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in SPS Commerce by 119.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,456 shares of the software maker’s stock worth $419,000 after buying an additional 1,339 shares during the last quarter. Lazard Asset Management LLC boosted its stake in SPS Commerce by 34.9% in the 3rd quarter. Lazard Asset Management LLC now owns 4,630 shares of the software maker’s stock worth $789,000 after buying an additional 1,197 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in SPS Commerce by 27.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock worth $101,449,000 after buying an additional 128,788 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Price Performance

SPS Commerce stock traded up $0.07 during midday trading on Friday, hitting $190.44. 95,387 shares of the company were exchanged, compared to its average volume of 175,431. The company’s fifty day moving average price is $188.43 and its 200-day moving average price is $184.80. The company has a market cap of $7.05 billion, a PE ratio of 104.07 and a beta of 0.85. SPS Commerce, Inc. has a fifty-two week low of $151.96 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.35 by $0.20. The firm had revenue of $149.58 million for the quarter, compared to analyst estimates of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. On average, analysts expect that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the sale, the director now directly owns 14,728 shares in the company, valued at approximately $2,855,759.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on SPS Commerce in a research note on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price target on the stock. StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Citigroup lifted their price objective on SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a research note on Friday, May 10th. William Blair reaffirmed a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.25.

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.