3,441 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,441 shares of the software maker's stock, valued at approximately $439,000.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of SPS Commerce by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker's stock worth $852,032,000 after purchasing an additional 67,687 shares during the last quarter. FMR LLC grew its stake in SPS Commerce by 109.7% in the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after acquiring an additional 742,686 shares during the period. Conestoga Capital Advisors LLC grew its stake in SPS Commerce by 0.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker's stock worth $167,264,000 after acquiring an additional 11,590 shares during the period. Ameriprise Financial Inc. grew its stake in SPS Commerce by 33.4% in the 4th quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock worth $140,882,000 after acquiring an additional 191,740 shares during the period. Finally, Geneva Capital Management LLC grew its stake in SPS Commerce by 31.1% in the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock worth $107,045,000 after acquiring an additional 138,014 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Trading Down 0.5%

Shares of SPS Commerce stock opened at $133.47 on Monday. The company has a fifty day moving average price of $140.34 and a 200 day moving average price of $154.08. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 62.37 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The firm had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. During the same period in the prior year, the company earned $0.86 EPS. The firm's revenue was up 21.4% on a year-over-year basis. Analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

SPS Commerce Company 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.

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