Sage Rhino Capital LLC Invests $201,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

Sage Rhino Capital LLC purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,037 shares of the software maker’s stock, valued at approximately $201,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its stake in shares of SPS Commerce by 5.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 10,160 shares of the software maker’s stock worth $1,733,000 after acquiring an additional 560 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SPS Commerce by 18.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,940 shares of the software maker’s stock valued at $331,000 after acquiring an additional 296 shares during the period. Dakota Wealth Management lifted its position in SPS Commerce by 102.7% during the 3rd quarter. Dakota Wealth Management now owns 2,868 shares of the software maker’s stock worth $489,000 after acquiring an additional 1,453 shares in the last quarter. Raymond James & Associates boosted its holdings in SPS Commerce by 1.6% in the 3rd quarter. Raymond James & Associates now owns 103,669 shares of the software maker’s stock worth $17,687,000 after acquiring an additional 1,612 shares during the period. Finally, Redwood Investments LLC boosted its holdings in SPS Commerce by 17.0% in the 3rd quarter. Redwood Investments LLC now owns 85,579 shares of the software maker’s stock worth $14,601,000 after acquiring an additional 12,412 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several research reports. Robert W. Baird upped their price target on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. William Blair reissued a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, April 26th. Finally, Citigroup assumed coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $196.57.

Insider Activity

In related news, CFO Kimberly K. Nelson sold 12,907 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the transaction, the chief financial officer now owns 157,251 shares in the company, valued at approximately $28,212,401.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kimberly K. Nelson sold 12,907 shares of SPS Commerce stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the sale, the chief financial officer now directly owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 5,965 shares of SPS Commerce stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $183.17, for a total value of $1,092,609.05. Following the sale, the chief financial officer now directly owns 147,553 shares of the company’s stock, valued at $27,027,283.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,688 shares of company stock valued at $12,122,275. Insiders own 1.00% of the company’s stock.

SPS Commerce Stock Up 1.1 %

Shares of NASDAQ SPSC traded up $1.99 during mid-day trading on Wednesday, hitting $175.86. 28,914 shares of the company traded hands, compared to its average volume of 177,894. SPS Commerce, Inc. has a 1 year low of $145.17 and a 1 year high of $218.74. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 95.01 and a beta of 0.79. The business has a 50 day moving average of $178.51 and a two-hundred day moving average of $179.35.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. As a group, research analysts anticipate that SPS Commerce, Inc. will post 2.25 EPS for the current year.

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.