SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 79.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,100 shares of the software maker's stock after selling 44,000 shares during the period. Handelsbanken Fonder AB's holdings in SPS Commerce were worth $1,473,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of SPS Commerce by 126.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares during the period. SBI Securities Co. Ltd. acquired a new position in SPS Commerce during the fourth quarter valued at approximately $40,000. Hurley Capital LLC purchased a new stake in SPS Commerce during the fourth quarter worth approximately $41,000. Blue Trust Inc. increased its position in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after acquiring an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after acquiring an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPSC shares. DA Davidson reduced their target price 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. Robert W. Baird boosted their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Cantor Fitzgerald started coverage on SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price for the company. Finally, Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Trading Down 0.2%

NASDAQ SPSC traded down $0.26 during mid-day trading on Wednesday, reaching $134.10. 118,710 shares of the company's stock traded hands, compared to its average volume of 255,010. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61. The company has a fifty day simple moving average of $140.26 and a 200-day simple moving average of $155.56. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 62.60 and a beta of 0.73.

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 for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. The business had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. Equities research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share 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.