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Lbp Am Sa Has $2.09 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

SPS Commerce logo with Business Services background

LBP AM SA lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 56.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Other hedge funds also recently modified their holdings of the company. Amica Retiree Medical Trust increased its holdings in shares of SPS Commerce by 19.4% during the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock worth $95,000 after buying an additional 84 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of SPS Commerce by 1.1% during the fourth 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 buying an additional 91 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of SPS Commerce by 8.3% during the fourth quarter. Hancock Whitney Corp now owns 1,193 shares of the software maker's stock worth $220,000 after buying an additional 91 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of SPS Commerce by 1.2% during the fourth quarter. Synovus Financial Corp now owns 9,430 shares of the software maker's stock worth $1,735,000 after buying an additional 115 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in shares of SPS Commerce by 1.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 12,651 shares of the software maker's stock worth $2,328,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded up $9.15 during midday trading on Monday, reaching $140.88. 533,777 shares of the stock were exchanged, compared to its average volume of 263,996. The business has a 50-day simple moving average of $140.96 and a two-hundred day simple moving average of $148.20. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 65.83 and a beta of 0.71. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61.

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. The company had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on SPSC shares. Cantor Fitzgerald started coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price target for the company. Robert W. Baird raised their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. DA Davidson lowered 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. Morgan Stanley started coverage on shares of SPS Commerce in a report on Monday. They issued an "overweight" rating and a $180.00 price target for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $191.30.

Check Out Our Latest Research Report on SPSC

SPS Commerce Profile

(Free Report)

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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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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