Legal & General Group Plc increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,932 shares of the software maker’s stock after purchasing an additional 2,577 shares during the quarter. Legal & General Group Plc owned 0.18% of SPS Commerce worth $1,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in shares of SPS Commerce by 0.6% in the 1st quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock valued at $212,000 after purchasing an additional 23 shares in the last quarter. Mason Street Advisors LLC increased its holdings in SPS Commerce by 7.9% during the 1st quarter. Mason Street Advisors LLC now owns 4,018 shares of the software maker’s stock valued at $235,000 after acquiring an additional 295 shares in the last quarter. Victory Capital Management Inc. increased its holdings in SPS Commerce by 83.4% during the 1st quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after acquiring an additional 911 shares in the last quarter. Karp Capital Management Corp purchased a new position in SPS Commerce during the 1st quarter valued at about $630,000. Finally, Thrivent Financial For Lutherans increased its holdings in SPS Commerce by 5.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,690 shares of the software maker’s stock valued at $567,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

Several equities analysts have weighed in on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of SPS Commerce in a report on Tuesday, August 8th. BidaskClub downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Friday, July 28th. KeyCorp restated a “hold” rating on shares of SPS Commerce in a report on Friday, August 25th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.50.

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Shares of SPS Commerce, Inc. (NASDAQ SPSC) opened at 55.99 on Friday. SPS Commerce, Inc. has a one year low of $48.11 and a one year high of $74.85. The stock’s 50 day moving average is $58.98 and its 200-day moving average is $58.87. The stock has a market capitalization of $964.20 million, a P/E ratio of 105.84 and a beta of 1.17.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $53.74 million. During the same period in the prior year, the company earned $0.15 EPS. SPS Commerce’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts expect that SPS Commerce, Inc. will post $0.88 EPS for the current year.

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

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