SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,162 shares of the software maker's stock after purchasing an additional 11,730 shares during the period. Deutsche Bank AG owned approximately 0.19% of SPS Commerce worth $13,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of SPS Commerce in the fourth quarter worth $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce in the 4th quarter worth about $41,000. Blue Trust Inc. lifted its position in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd acquired a new position in SPS Commerce in the fourth quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI bought a new stake in SPS Commerce in the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPSC. Citigroup lowered their price target on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Northland Securities reaffirmed a "market perform" rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. Finally, Stifel Nicolaus cut their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $195.38.

SPS Commerce Trading Down 1.3%

NASDAQ:SPSC traded down $2.00 during mid-day trading on Wednesday, hitting $147.00. The stock had a trading volume of 12,804 shares, compared to its average volume of 328,313. The company has a 50 day simple moving average of $136.13 and a 200-day simple moving average of $161.55. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 72.06 and a beta of 0.81. SPS Commerce, Inc. has a 52 week low of $120.08 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The company had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.