SG Americas Securities LLC Invests $1.05 Million in SPS Commerce, Inc. (NASDAQ:SPSC)

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

Several other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew 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 last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the fourth quarter worth about $40,000. Hurley Capital LLC acquired a new stake in shares of SPS Commerce during the fourth quarter worth about $41,000. Blue Trust Inc. lifted its holdings in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares during the period. Finally, Versant Capital Management Inc lifted 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 purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

NASDAQ:SPSC traded down $0.62 during trading hours on Friday, reaching $133.47. The company had a trading volume of 359,641 shares, compared to its average volume of 255,851. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61. The firm has a market cap of $5.07 billion, a PE ratio of 62.37 and a beta of 0.73. The business's 50 day moving average price is $140.34 and its 200-day moving average price is $154.33.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a return on equity of 12.37% and a net margin of 12.13%. SPS Commerce's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPSC has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a report on Friday, April 25th. DA Davidson decreased their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird lifted their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Cantor Fitzgerald initiated coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, SPS Commerce currently has an average rating of "Moderate Buy" and an average target price 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.