Simplex Trading LLC bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,897 shares of the software maker’s stock, valued at approximately $110,000.
A number of other hedge funds have also added to or reduced their stakes in SPSC. State of Alaska Department of Revenue raised 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 valued at $111,000 after buying an additional 60 shares in the last quarter. Bank of Montreal Can raised 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 valued at $212,000 after buying an additional 23 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in SPS Commerce during the third quarter valued at approximately $215,000. Quadrature Capital Ltd acquired a new stake in SPS Commerce during the third quarter valued at approximately $299,000. Finally, Brandywine Managers LLC acquired a new stake in SPS Commerce during the fourth quarter valued at approximately $308,000.
Shares of SPS Commerce, Inc. (NASDAQ:SPSC) traded down 4.99% during midday trading on Friday, hitting $57.10. 390,888 shares of the company traded hands. SPS Commerce, Inc. has a 12-month low of $43.76 and a 12-month high of $74.85. The stock’s 50-day moving average is $57.01 and its 200 day moving average is $64.38. The stock has a market capitalization of $980.98 million, a P/E ratio of 173.03 and a beta of 1.27.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Tuesday, February 7th. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $51.10 million for the quarter, compared to analyst estimates of $50.91 million. SPS Commerce had a net margin of 2.95% and a return on equity of 4.14%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, analysts expect that SPS Commerce, Inc. will post $0.82 earnings per share for the current year.
SPSC has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price (down from $83.00) on shares of SPS Commerce in a research note on Wednesday, February 8th. Benchmark Co. lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of SPS Commerce from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. Canaccord Genuity lowered shares of SPS Commerce from a “buy” rating to a “hold” rating and cut their target price for the company from $82.00 to $65.00 in a research note on Wednesday, February 8th. Finally, William Blair lowered shares of SPS Commerce from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $76.57.
In other SPS Commerce news, CEO Archie C. Black sold 15,000 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $68.08, for a total transaction of $1,021,200.00. Following the sale, the chief executive officer now directly owns 78,229 shares of the company’s stock, valued at $5,325,830.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James J. Frome sold 2,859 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $66.97, for a total transaction of $191,467.23. Following the sale, the chief operating officer now directly owns 18,111 shares in the company, valued at $1,212,893.67. The disclosure for this sale can be found here. 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, 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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