Lbp Am Sa Grows Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Lbp Am Sa increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 56.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,748 shares of the software maker's stock after purchasing an additional 5,714 shares during the quarter. Lbp Am Sa's holdings in SPS Commerce were worth $2,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 acquiring an additional 125 shares during the period. Hurley Capital LLC acquired a new position in SPS Commerce during the 4th quarter worth approximately $41,000. Versant Capital Management Inc raised its stake in shares of SPS Commerce by 4,155.6% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after buying an additional 374 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of SPS Commerce during the 4th quarter worth approximately $70,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of SPS Commerce by 35.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock valued at $73,000 after buying an additional 144 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Down 2.0%

NASDAQ:SPSC opened at $136.00 on Friday. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The stock has a fifty day simple moving average of $141.20 and a 200-day simple moving average of $149.17. The company has a market capitalization of $5.16 billion, a PE ratio of 63.55 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) 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 company had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. During the same quarter in the previous year, the business posted $0.86 earnings per share. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPSC has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a report on Friday, April 25th. Robert W. Baird upped their price target on shares of 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 shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective for the company. Finally, DA Davidson decreased their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $192.56.

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.

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