SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in SPS Commerce by 7.4%, owning approximately 0.13% of the company, valued at $6.49 million.
• Analysts have provided mixed ratings for SPS Commerce, with an average price target of $165.80 and ratings ranging from "buy" to "hold."
• SPS Commerce reported $1.00 earnings per share for the last quarter, surpassing estimates, with revenue growth of 22% year-over-year.

LPL Financial LLC boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,015 shares of the software maker's stock after buying an additional 3,454 shares during the quarter. LPL Financial LLC owned approximately 0.13% of SPS Commerce worth $6,487,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 125 shares during the last quarter. Allworth Financial LP grew its holdings in shares of SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after buying an additional 175 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of SPS Commerce by 4,155.6% during the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after buying an additional 374 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of SPS Commerce during the fourth quarter worth about $70,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of SPS Commerce by 35.6% during the first quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock worth $73,000 after buying an additional 144 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 up $0.29 during midday trading on Friday, reaching $113.83. 214,035 shares of the company traded hands, compared to its average volume of 349,441. The firm's 50 day simple moving average is $131.40 and its two-hundred day simple moving average is $138.52. SPS Commerce, Inc. has a 1-year low of $102.05 and a 1-year high of $203.86. The firm has a market cap of $4.32 billion, a PE ratio of 52.35 and a beta of 0.71.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPSC. Cantor Fitzgerald began coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target on the stock. Needham & Company LLC lowered their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Loop Capital lowered SPS Commerce from a "buy" rating to a "hold" rating and lowered their price objective for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Stifel Nicolaus lowered their price objective on SPS Commerce from $175.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, DA Davidson lowered SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their price objective for the company from $175.00 to $125.00 in a report on Thursday, July 31st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, SPS Commerce 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.