SPS Commerce, Inc. $SPSC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,601,019 shares of the software maker's stock after selling 29,840 shares during the period. Vanguard Group Inc. owned about 12.12% of SPS Commerce worth $610,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPSC. Conestoga Capital Advisors LLC grew its holdings in SPS Commerce by 0.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker's stock worth $167,264,000 after acquiring an additional 11,590 shares in the last quarter. Ameriprise Financial Inc. boosted its position in 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 purchasing an additional 191,740 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of SPS Commerce by 11.3% in the 4th quarter. Northern Trust Corp now owns 510,041 shares of the software maker's stock valued at $93,842,000 after buying an additional 51,839 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of SPS Commerce by 5.6% in the 4th quarter. Fred Alger Management LLC now owns 481,317 shares of the software maker's stock valued at $88,558,000 after buying an additional 25,414 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of SPS Commerce by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 424,796 shares of the software maker's stock worth $78,159,000 after purchasing an additional 11,506 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC traded up $2.13 during trading on Monday, reaching $114.17. The stock had a trading volume of 72,727 shares, compared to its average volume of 349,273. The company has a market cap of $4.33 billion, a P/E ratio of 52.36 and a beta of 0.71. The business's 50-day moving average price is $130.79 and its 200-day moving average price is $137.27. SPS Commerce, Inc. has a fifty-two week low of $102.05 and a fifty-two week high of $203.86.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%. The business had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. During the same period in the previous year, the company posted $0.80 earnings per share. The business's revenue for the quarter was up 22.0% on a year-over-year basis. Analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. DA Davidson cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $175.00 to $125.00 in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus lowered their price target on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Robert W. Baird lifted their price target 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, Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and decreased their target price for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, SPS Commerce has a consensus rating of "Hold" and an average price target of $165.80.

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.