Bessemer Group Inc. Has $84,000 Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Bessemer Group Inc. decreased its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 99.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 629 shares of the software maker's stock after selling 124,710 shares during the quarter. Bessemer Group Inc.'s holdings in SPS Commerce were worth $84,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after buying an additional 125 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter valued at $40,000. Hurley Capital LLC acquired a new stake in shares of SPS Commerce in the fourth quarter valued at $41,000. Versant Capital Management Inc raised its position 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. Finally, Johnson Financial Group Inc. acquired a new stake in shares of SPS Commerce during the fourth quarter worth $70,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Trading Down 2.8%

SPSC stock traded down $3.97 during mid-day trading on Monday, hitting $137.39. The stock had a trading volume of 312,242 shares, compared to its average volume of 261,089. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 64.20 and a beta of 0.71. The company has a fifty day moving average of $141.46 and a 200 day moving average of $149.66. 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 released its quarterly 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 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%. The firm's revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. As a group, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPSC. Cantor Fitzgerald began coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. DA Davidson cut their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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 report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.56.

SPS Commerce Company 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.