2,615 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,615 shares of the software maker's stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Park Avenue Securities LLC increased its holdings in SPS Commerce by 19.1% during the 4th quarter. Park Avenue Securities LLC now owns 4,528 shares of the software maker's stock worth $833,000 after purchasing an additional 727 shares in the last quarter. Trust Co. of Vermont bought a new stake in SPS Commerce during the 4th quarter worth approximately $69,000. Diversify Wealth Management LLC increased its holdings in SPS Commerce by 37.8% during the 4th quarter. Diversify Wealth Management LLC now owns 4,900 shares of the software maker's stock worth $878,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in SPS Commerce by 12.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 109,473 shares of the software maker's stock worth $20,142,000 after purchasing an additional 12,400 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on SPSC shares. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a report on Friday, April 25th. Robert W. Baird boosted their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Stifel Nicolaus cut their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Finally, Piper Sandler cut their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, SPS Commerce has a consensus rating of "Moderate Buy" and a consensus target price of $195.38.

SPS Commerce Stock Up 1.1%

SPS Commerce stock traded up $1.62 during trading on Thursday, hitting $145.67. The stock had a trading volume of 282,244 shares, compared to its average volume of 243,885. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 71.41 and a beta of 0.81. The stock's 50 day moving average is $136.76 and its two-hundred day moving average is $161.28. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.