Chicago Equity Partners LLC increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 230.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,985 shares of the software maker’s stock after buying an additional 42,525 shares during the period. Chicago Equity Partners LLC’s holdings in SPS Commerce were worth $5,024,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in SPS Commerce in the 4th quarter valued at about $33,000. Harvest Fund Management Co. Ltd purchased a new position in SPS Commerce in the 3rd quarter valued at about $114,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in SPS Commerce in the 3rd quarter valued at about $119,000. First Quadrant L P CA purchased a new position in SPS Commerce in the 3rd quarter valued at about $151,000. Finally, We Are One Seven LLC purchased a new position in SPS Commerce in the 4th quarter valued at about $157,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

A number of research firms have issued reports on SPSC. TheStreet upgraded shares of SPS Commerce from a “c+” rating to a “b-” rating in a report on Friday, October 26th. BidaskClub upgraded shares of SPS Commerce from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Oppenheimer increased their price objective on shares of SPS Commerce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Canaccord Genuity increased their price objective on shares of SPS Commerce from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, ValuEngine upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 27th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. SPS Commerce presently has an average rating of “Buy” and an average price target of $90.56.

Shares of SPSC stock opened at $91.76 on Monday. The stock has a market cap of $1.62 billion, a PE ratio of 218.48, a P/E/G ratio of 3.02 and a beta of 0.76. SPS Commerce, Inc. has a 1-year low of $52.31 and a 1-year high of $100.68.

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About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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