7,872 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,872 shares of the software maker's stock, valued at approximately $1,045,000.

Several other large investors have also modified their holdings of SPSC. FMR LLC boosted its position in shares of SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock valued at $261,235,000 after buying an additional 742,686 shares during the period. Norges Bank purchased a new position in shares of SPS Commerce during the fourth quarter valued at approximately $81,543,000. JPMorgan Chase & Co. boosted its position in shares of SPS Commerce by 99.3% during the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock valued at $93,286,000 after buying an additional 252,575 shares during the period. Ameriprise Financial Inc. lifted its position in shares of SPS Commerce by 33.4% during the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock valued at $140,882,000 after buying an additional 191,740 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SPS Commerce during the fourth quarter valued at about $27,441,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Down 0.2%

Shares of SPSC traded down $0.27 during mid-day trading on Thursday, hitting $134.09. 256,803 shares of the company traded hands, compared to its average volume of 255,865. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61. The company has a market capitalization of $5.09 billion, a PE ratio of 62.66 and a beta of 0.73. The business has a 50 day moving average of $140.31 and a 200 day moving average of $155.01.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $179.57 million. During the same quarter in the prior year, the company earned $0.86 EPS. SPS Commerce's quarterly revenue was up 21.4% on a year-over-year basis. As a group, research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. DA Davidson decreased their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird increased their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.