235,900 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by Fiera Capital Corp

Key Points

• Fiera Capital Corp has acquired a new stake in SPS Commerce, Inc. by purchasing 235,900 shares valued at approximately $31.3 million, representing about 0.62% of the company.
• Several institutional investors, including Summit Creek Advisors and LPL Financial, have also increased their holdings in SPS Commerce during the 1st quarter.
• SPS Commerce's stock is currently trading at $140.10, with analysts issuing mostly buy ratings and setting a consensus price target of $187.00.

Fiera Capital Corp bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 235,900 shares of the software maker's stock, valued at approximately $31,311,000. Fiera Capital Corp owned approximately 0.62% of SPS Commerce as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Summit Creek Advisors LLC raised its stake in SPS Commerce by 10.8% during the first quarter. Summit Creek Advisors LLC now owns 140,828 shares of the software maker's stock valued at $18,692,000 after purchasing an additional 13,678 shares in the last quarter. LPL Financial LLC raised its stake in SPS Commerce by 7.4% during the first quarter. LPL Financial LLC now owns 50,015 shares of the software maker's stock valued at $6,487,000 after purchasing an additional 3,454 shares in the last quarter. Inspire Advisors LLC purchased a new stake in SPS Commerce during the first quarter valued at $495,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SPS Commerce by 4.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,057 shares of the software maker's stock valued at $1,335,000 after acquiring an additional 404 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in SPS Commerce by 20.9% during the first quarter. Cetera Investment Advisers now owns 9,964 shares of the software maker's stock valued at $1,322,000 after acquiring an additional 1,722 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of SPSC stock traded down $4.98 during mid-day trading on Friday, hitting $103.88. 817,312 shares of the stock traded hands, compared to its average volume of 365,464. The stock has a market cap of $3.95 billion, a P/E ratio of 47.65 and a beta of 0.71. The stock's fifty day moving average is $137.36 and its two-hundred day moving average is $143.69. SPS Commerce, Inc. has a 52-week low of $103.18 and a 52-week high of $204.21.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. SPS Commerce's revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPSC. DA Davidson cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their price objective for the company from $175.00 to $125.00 in a research report on Thursday. Loop Capital cut shares of SPS Commerce from a "buy" rating to a "hold" rating and cut their price objective for the company from $175.00 to $120.00 in a research report on Thursday. Wall Street Zen upgraded shares of SPS Commerce from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Stifel Nicolaus cut their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday. 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 report on Friday, April 25th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.80.

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.