Moody National Bank Trust Division Acquires 5,529 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Moody National Bank Trust Division grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 32.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,730 shares of the software maker's stock after purchasing an additional 5,529 shares during the period. Moody National Bank Trust Division owned about 0.06% of SPS Commerce worth $3,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock valued at $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Blue Trust Inc. raised its position in SPS Commerce by 109.9% during the 4th quarter. Blue Trust Inc. now owns 359 shares of the software maker's stock worth $70,000 after purchasing an additional 188 shares during the last quarter. KBC Group NV raised its position in SPS Commerce by 41.9% during the 4th quarter. KBC Group NV now owns 1,527 shares of the software maker's stock worth $281,000 after purchasing an additional 451 shares during the last quarter. R Squared Ltd bought a new position in SPS Commerce during the 4th quarter worth $57,000. Finally, Alliance Wealth Advisors LLC UT raised its position in SPS Commerce by 3.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,179 shares of the software maker's stock worth $1,689,000 after purchasing an additional 275 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

SPS Commerce Price Performance

SPSC traded up $2.72 on Tuesday, hitting $141.63. The company had a trading volume of 69,700 shares, compared to its average volume of 245,834. 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 $138.24 and a 200-day simple moving average of $159.02. The firm has a market capitalization of $5.38 billion, a P/E ratio of 69.43 and a beta of 0.81.

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 for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. The business had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm earned $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.

Wall Street Analyst Weigh In

SPSC has been the subject of several analyst reports. Robert W. Baird raised their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. DA Davidson cut their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Northland Securities reiterated a "market perform" rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a report on Tuesday. They issued an "overweight" rating and a $170.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.56.

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.