Vanguard Group Inc. increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 899,374 shares of the software maker’s stock after buying an additional 51,243 shares during the period. Vanguard Group Inc. owned approximately 0.05% of SPS Commerce worth $52,604,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SPSC. Simplex Trading LLC bought a new stake in SPS Commerce during the first quarter worth $110,000. State of Alaska Department of Revenue increased its stake in SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after buying an additional 60 shares during the last quarter. Victory Capital Management Inc. increased its stake in SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock worth $117,000 after buying an additional 911 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock worth $190,000 after buying an additional 379 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

SPS Commerce, Inc. (SPSC) opened at 57.45 on Thursday. SPS Commerce, Inc. has a one year low of $48.11 and a one year high of $74.85. The firm has a market cap of $989.35 million, a PE ratio of 108.60 and a beta of 1.20. The firm has a 50-day moving average price of $60.46 and a 200-day moving average price of $59.27.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The company had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts expect that SPS Commerce, Inc. will post $0.88 EPS for the current fiscal year.

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A number of equities analysts have recently commented on SPSC shares. BidaskClub cut SPS Commerce from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Canaccord Genuity reissued a “hold” rating and set a $65.00 price target on shares of SPS Commerce in a report on Wednesday, July 26th. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Benchmark Co. cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Finally, CIBC started coverage on SPS Commerce in a report on Friday, July 21st. They set an “outperform” rating and a $74.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.50.

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

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