Los Angeles Capital Management & Equity Research Inc. Grows Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Los Angeles Capital Management & Equity Research Inc. increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 199.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 58,590 shares of the software maker’s stock after purchasing an additional 39,025 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in SPS Commerce were worth $5,988,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its position in shares of SPS Commerce by 1.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 542,415 shares of the software maker’s stock valued at $57,529,000 after buying an additional 5,833 shares during the period. Rothschild & Co. Asset Management US Inc. increased its holdings in SPS Commerce by 3.2% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 419,986 shares of the software maker’s stock valued at $42,927,000 after purchasing an additional 13,016 shares during the last quarter. Portsea Asset Management LLP increased its holdings in SPS Commerce by 32.5% in the 1st quarter. Portsea Asset Management LLP now owns 410,481 shares of the software maker’s stock valued at $43,536,000 after purchasing an additional 100,785 shares during the last quarter. Federated Investors Inc. PA increased its holdings in SPS Commerce by 4.3% in the 1st quarter. Federated Investors Inc. PA now owns 230,166 shares of the software maker’s stock valued at $24,411,000 after purchasing an additional 9,479 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in SPS Commerce by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 199,801 shares of the software maker’s stock valued at $16,459,000 after purchasing an additional 13,738 shares during the last quarter. 99.41% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Sven Wehrwein sold 2,644 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $105.00, for a total value of $277,620.00. Following the completion of the sale, the director now directly owns 9,235 shares of the company’s stock, valued at $969,675. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Archie C. Black sold 25,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $112.61, for a total transaction of $2,815,250.00. Following the completion of the sale, the chief executive officer now directly owns 68,344 shares of the company’s stock, valued at $7,696,217.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,653 shares of company stock valued at $6,235,321. Insiders own 3.34% of the company’s stock.

Several analysts recently weighed in on SPSC shares. First Analysis upgraded shares of SPS Commerce from a “neutral” rating to an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a report on Friday, April 26th. ValuEngine downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. JMP Securities lifted their target price on shares of SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a report on Friday, April 26th. Finally, Northland Securities reiterated a “buy” rating and issued a $125.00 target price on shares of SPS Commerce in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. SPS Commerce presently has a consensus rating of “Buy” and a consensus price target of $116.30.

NASDAQ:SPSC opened at $105.36 on Wednesday. The stock has a fifty day simple moving average of $105.26. The firm has a market capitalization of $1.88 billion, a P/E ratio of 86.11, a price-to-earnings-growth ratio of 4.13 and a beta of 0.63. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.05. SPS Commerce, Inc. has a 52 week low of $75.83 and a 52 week high of $118.28.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.20. The business had revenue of $68.53 million during the quarter, compared to the consensus estimate of $68.13 million. SPS Commerce had a net margin of 11.69% and a return on equity of 9.10%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, research analysts expect that SPS Commerce, Inc. will post 1.74 earnings per share for the current fiscal year.

About SPS Commerce

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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