American Century Companies Inc. Has $3.03 Million Holdings in SPS Commerce, Inc. (SPSC)
American Century Companies Inc. raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,419 shares of the software maker’s stock after buying an additional 11,285 shares during the quarter. American Century Companies Inc.’s holdings in SPS Commerce were worth $3,033,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation acquired a new position in SPS Commerce during the 3rd quarter worth about $117,000. SG Americas Securities LLC acquired a new position in SPS Commerce during the 3rd quarter valued at about $125,000. Magnetar Financial LLC acquired a new position in SPS Commerce during the 3rd quarter valued at about $203,000. Trexquant Investment LP acquired a new position in SPS Commerce during the 3rd quarter valued at about $245,000. Finally, Crossmark Global Holdings Inc. acquired a new position in SPS Commerce during the 3rd quarter valued at about $280,000. 98.26% of the stock is currently owned by institutional investors and hedge funds.
SPS Commerce, Inc. (NASDAQ SPSC) opened at $58.86 on Friday. The stock has a market cap of $1,050.00, a PE ratio of 168.17, a price-to-earnings-growth ratio of 3.06 and a beta of 1.10. SPS Commerce, Inc. has a 52-week low of $45.02 and a 52-week high of $64.85.
SPS Commerce announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of research analysts have issued reports on SPSC shares. ValuEngine downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BidaskClub upgraded shares of SPS Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Benchmark restated a “sell” rating on shares of SPS Commerce in a research report on Monday, October 30th. Oppenheimer restated a “buy” rating and set a $62.00 target price on shares of SPS Commerce in a research report on Thursday, January 25th. Finally, Canaccord Genuity cut their target price on shares of SPS Commerce from $62.00 to $57.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.43.
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SPS Commerce Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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