SPS Commerce, Inc. (NASDAQ:SPSC) Stock Holdings Boosted by Palisades Investment Partners LLC

Palisades Investment Partners LLC grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,548 shares of the software maker's stock after acquiring an additional 4,244 shares during the quarter. SPS Commerce accounts for approximately 3.8% of Palisades Investment Partners LLC's portfolio, making the stock its 8th largest holding. Palisades Investment Partners LLC owned about 0.13% of SPS Commerce worth $9,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in SPS Commerce by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker's stock worth $852,032,000 after acquiring an additional 67,687 shares during the last quarter. FMR LLC boosted its holdings in SPS Commerce by 109.7% during the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after acquiring an additional 742,686 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in SPS Commerce by 33.4% during the 4th quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker's stock worth $140,882,000 after acquiring an additional 191,740 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of SPS Commerce by 31.1% in the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock worth $107,045,000 after buying an additional 138,014 shares during the last quarter. Finally, 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 worth $93,842,000 after buying an additional 51,839 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SPSC shares. DA Davidson cut their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Piper Sandler cut their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Citigroup cut their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Finally, Robert W. Baird boosted their price target on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, SPS Commerce presently has a consensus rating of "Moderate Buy" and an average target price of $195.38.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $144.05 on Thursday. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The stock's 50-day simple moving average is $136.43 and its 200 day simple moving average is $161.43. The stock has a market capitalization of $5.47 billion, a P/E ratio of 70.61 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data 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. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. During the same period in the previous year, the business posted $0.86 EPS. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. Equities research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

About SPS Commerce

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.

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