GAMMA Investing LLC Buys 58,778 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

GAMMA Investing LLC boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 8,580.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,463 shares of the software maker's stock after acquiring an additional 58,778 shares during the quarter. GAMMA Investing LLC owned about 0.16% of SPS Commerce worth $7,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPSC. Amalgamated Bank grew its position in SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock valued at $2,025,000 after purchasing an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after acquiring an additional 84 shares during the last quarter. Amica Retiree Medical Trust raised its position in shares of SPS Commerce by 19.4% in the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock valued at $95,000 after purchasing an additional 84 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SPS Commerce by 1.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock worth $1,476,000 after acquiring an additional 91 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPSC shares. Robert W. Baird upped their target price 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. Northland Securities restated a "market perform" rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. DA Davidson cut their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald initiated coverage on SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective on the stock. Finally, Piper Sandler reduced their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Stock Down 4.3%

NASDAQ SPSC traded down $6.25 on Wednesday, reaching $138.26. The company had a trading volume of 250,595 shares, compared to its average volume of 250,514. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61. The stock's 50 day moving average is $139.31 and its 200-day moving average is $157.55. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 67.67 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.86 EPS. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.