Moody Aldrich Partners LLC acquired a new position in shares of SPS Commerce Inc. (NASDAQ:SPSC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,940 shares of the company’s stock, valued at approximately $602,000.
A number of other large investors have also made changes to their positions in SPSC. Pacad Investment Ltd. acquired a new stake in shares of SPS Commerce during the first quarter worth $451,000. Disciplined Growth Investors Inc. MN purchased a new stake in shares of SPS Commerce during the first quarter valued at approximately $6,086,000. TIAA CREF Investment Management LLC raised its stake in shares of SPS Commerce by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 70,473 shares of the company’s stock valued at $3,026,000 after buying an additional 6,909 shares during the period. Teachers Advisors Inc. raised its stake in shares of SPS Commerce by 37.1% in the first quarter. Teachers Advisors Inc. now owns 192,607 shares of the company’s stock valued at $8,271,000 after buying an additional 52,102 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of SPS Commerce by 10.5% in the first quarter. BlackRock Group LTD now owns 78,769 shares of the company’s stock valued at $3,383,000 after buying an additional 7,496 shares during the period.
Shares of SPS Commerce Inc. (NASDAQ:SPSC) traded up 0.18% on Monday, hitting $72.84. The company had a trading volume of 194,641 shares. The stock has a market cap of $1.24 billion, a PE ratio of 260.14 and a beta of 1.23. The company has a 50-day moving average of $67.25 and a 200 day moving average of $56.49. SPS Commerce Inc. has a 12 month low of $38.35 and a 12 month high of $78.29.
SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm earned $474 million during the quarter, compared to analysts’ expectations of $47.06 million. SPS Commerce had a net margin of 2.73% and a return on equity of 3.84%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. Analysts anticipate that SPS Commerce Inc. will post $0.98 EPS for the current fiscal year.
SPSC has been the topic of several research analyst reports. Zacks Investment Research lowered SPS Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Needham & Company LLC boosted their price target on SPS Commerce from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, First Analysis initiated coverage on SPS Commerce in a research note on Monday. They set an “overweight” rating on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.83.
In related news, Director Michael A. Smerklo sold 580 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $67.40, for a total transaction of $39,092.00. Following the completion of the sale, the director now directly owns 760 shares in the company, valued at $51,224. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Archie C. Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $63.38, for a total transaction of $633,800.00. Following the sale, the chief executive officer now owns 78,600 shares of the company’s stock, valued at $4,981,668. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.
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