139,807 SPS Commerce, Inc. $SPSC Shares Purchased by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates increased its SPS Commerce stake by 22.2% in the third quarter, buying 139,807 shares and bringing its holdings to 770,136 shares, valued at about $63.5 million.
• Analysts’ consensus rating is Hold, with an average price target of $79.33; ratings include two Buys, seven Holds and one Sell.
• SPS Commerce beat quarterly earnings expectations, reporting $1.39 per share versus $1.23 expected. Revenue was $197.65 million, up 4.1% year over year.

Van Berkom & Associates Inc. lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 22.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 770,136 shares of the software maker's stock after purchasing an additional 139,807 shares during the period. SPS Commerce accounts for about 2.3% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 21st biggest position. Van Berkom & Associates Inc. owned approximately 2.17% of SPS Commerce worth $63,490,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its stake in SPS Commerce by 72.5% in the third quarter. SBI Securities Co. Ltd. now owns 333 shares of the software maker's stock worth $27,000 after purchasing an additional 140 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in SPS Commerce during the 2nd quarter valued at $38,000. Allworth Financial LP bought a new stake in SPS Commerce during the 2nd quarter valued at $45,000. Parallel Advisors LLC raised its position in SPS Commerce by 100.0% during the 3rd quarter. Parallel Advisors LLC now owns 566 shares of the software maker's stock valued at $47,000 after purchasing an additional 283 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in SPS Commerce by 55.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,412 shares of the software maker's stock valued at $79,000 after purchasing an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on SPS Commerce from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, October 30th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Cantor Fitzgerald restated a "neutral" rating and set a $70.00 price target (up from $60.00) on shares of SPS Commerce in a research note on Friday, July 31st. Morgan Stanley restated an "underweight" rating and issued a $74.00 price objective on shares of SPS Commerce in a report on Monday, October 26th. Finally, Citigroup reaffirmed a "buy" rating and issued a $99.00 price objective (up from $82.00) on shares of SPS Commerce in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SPS Commerce presently has a consensus rating of "Hold" and an average price target of $79.33.

SPS Commerce Stock Down 1.1%

Shares of NASDAQ:SPSC opened at $81.04 on Tuesday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 36.02 and a beta of 0.66. SPS Commerce, Inc. has a 52 week low of $49.04 and a 52 week high of $96.54. The firm has a 50 day moving average of $83.55 and a 200 day moving average of $68.19.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $197.65 million during the quarter, compared to analyst estimates of $197.51 million. SPS Commerce had a return on equity of 13.72% and a net margin of 10.65%. SPS Commerce's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, sell-side analysts expect that SPS Commerce, Inc. will post 3.67 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In related news, Director Marty Réaume sold 4,536 shares of the firm's stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $86.86, for a total transaction of $393,996.96. Following the sale, the director owned 12,894 shares of the company's stock, valued at $1,119,972.84. This trade represents a 26.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by company insiders.

About SPS Commerce

SPS Commerce provides cloud-based supply chain management software and services, with a focus on helping retailers, suppliers, distributors and logistics providers exchange business information and coordinate transactions. Its platform connects trading partners and supports electronic data interchange (EDI), order processing and fulfillment workflows.

The company also offers tools for supply chain analytics and product information management, along with implementation and ongoing support services.

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