Aperio Group LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,448 shares of the software maker’s stock after purchasing an additional 2,311 shares during the quarter. Aperio Group LLC’s holdings in SPS Commerce were worth $945,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in SPS Commerce by 7.1% in the second quarter. Vanguard Group Inc. now owns 963,631 shares of the software maker’s stock valued at $61,441,000 after purchasing an additional 64,257 shares during the period. Ruane Cunniff & Goldfarb Inc. raised its position in SPS Commerce by 50.3% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 765,318 shares of the software maker’s stock valued at $43,401,000 after purchasing an additional 256,117 shares during the period. Banbury Partners LLC raised its position in SPS Commerce by 5.9% in the third quarter. Banbury Partners LLC now owns 511,882 shares of the software maker’s stock valued at $29,029,000 after purchasing an additional 28,689 shares during the period. Conestoga Capital Advisors LLC raised its position in SPS Commerce by 17.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 415,646 shares of the software maker’s stock valued at $20,196,000 after purchasing an additional 61,980 shares during the period. Finally, State Street Corp raised its position in SPS Commerce by 4.3% in the second quarter. State Street Corp now owns 409,276 shares of the software maker’s stock valued at $26,093,000 after purchasing an additional 16,865 shares during the period. 98.26% of the stock is currently owned by institutional investors.
Shares of SPS Commerce, Inc. (NASDAQ SPSC) opened at $60.88 on Tuesday. The firm has a market capitalization of $1,050.00, a PE ratio of 173.94, a PEG ratio of 3.15 and a beta of 1.10. SPS Commerce, Inc. has a 52 week low of $45.02 and a 52 week high of $64.85.
SPS Commerce announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 2nd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on SPSC shares. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Wednesday, November 1st. Benchmark restated a “sell” rating on shares of SPS Commerce in a research note on Monday, October 30th. ValuEngine downgraded SPS Commerce from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BidaskClub upgraded SPS Commerce from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer restated a “buy” rating and set a $62.00 target price on shares of SPS Commerce in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.43.
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About SPS Commerce
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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