South Dakota Investment Council Has $757,000 Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

South Dakota Investment Council boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 235.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,700 shares of the software maker's stock after purchasing an additional 4,000 shares during the period. South Dakota Investment Council's holdings in SPS Commerce were worth $757,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker's stock worth $852,032,000 after buying an additional 67,687 shares in the last quarter. FMR LLC lifted its holdings in shares of SPS Commerce by 109.7% in the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock valued at $261,235,000 after purchasing an additional 742,686 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of SPS Commerce by 0.9% in the first quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker's stock valued at $167,264,000 after purchasing an additional 11,590 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SPS Commerce by 33.4% in the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock valued at $140,882,000 after purchasing an additional 191,740 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of SPS Commerce by 11.3% in the fourth quarter. Northern Trust Corp now owns 510,041 shares of the software maker's stock valued at $93,842,000 after purchasing an additional 51,839 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Down 1.8%

SPS Commerce stock traded down $2.47 during trading hours on Thursday, hitting $137.80. 88,023 shares of the company traded hands, compared to its average volume of 324,528. The firm has a market cap of $5.23 billion, a P/E ratio of 64.39 and a beta of 0.71. The firm's 50-day simple moving average is $139.83 and its two-hundred day simple moving average is $146.22. SPS Commerce, Inc. has a 1-year low of $120.08 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. SPS Commerce's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SPSC. Wall Street Zen raised shares of SPS Commerce from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Morgan Stanley initiated coverage on shares of SPS Commerce in a research note on Monday, July 14th. They set an "overweight" rating and a $180.00 price objective on the stock. DA Davidson reduced their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target for the company. Finally, Robert W. Baird upped their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.30.

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.