Bridge City Capital LLC Makes New Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

Bridge City Capital LLC bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,832 shares of the software maker's stock, valued at approximately $2,765,000. Bridge City Capital LLC owned about 0.05% of SPS Commerce at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in SPS Commerce during the 4th quarter valued at $40,000. Hurley Capital LLC bought a new stake in shares of SPS Commerce during the fourth quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB raised its position in shares of SPS Commerce by 126.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after buying an additional 125 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after acquiring an additional 84 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new position in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPSC has been the subject of a number of research analyst reports. DA Davidson cut their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird lifted their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Stock Performance

Shares of SPSC traded up $1.68 during trading hours on Thursday, hitting $137.89. 613,707 shares of the company were exchanged, compared to its average volume of 253,459. The firm's 50 day moving average is $139.47 and its 200-day moving average is $157.41. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61. The company has a market cap of $5.24 billion, a PE ratio of 67.59 and a beta of 0.73.

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

SPS Commerce Profile

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.