Advisor Resource Council Takes Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Advisor Resource Council acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,441 shares of the software maker's stock, valued at approximately $439,000.

Several other hedge funds have also modified their holdings of SPSC. MassMutual Private Wealth & Trust FSB raised its stake in SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the 4th quarter worth $40,000. Hurley Capital LLC purchased a new position in shares of SPS Commerce in the 4th quarter worth $41,000. Blue Trust Inc. raised its position 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 buying an additional 84 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock valued at $51,000 after acquiring an additional 374 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on SPSC. Robert W. Baird upped their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Cantor Fitzgerald assumed coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Finally, DA Davidson reduced their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded up $0.46 during mid-day trading on Thursday, hitting $134.07. 300,107 shares of the company traded hands, compared to its average volume of 256,874. The firm's 50 day simple moving average is $140.79 and its 200 day simple moving average is $153.00. The firm has a market cap of $5.09 billion, a P/E ratio of 62.65 and a beta of 0.73. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. SPS Commerce's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS 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.