SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,260,182 shares of the software maker's stock after buying an additional 11,590 shares during the quarter. SPS Commerce makes up about 2.5% of Conestoga Capital Advisors LLC's holdings, making the stock its 13th largest position. Conestoga Capital Advisors LLC owned 3.31% of SPS Commerce worth $167,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPSC. Amalgamated Bank lifted its position in shares of SPS Commerce by 0.6% during the 4th quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock worth $2,025,000 after buying an additional 61 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of SPS Commerce by 6.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock valued at $231,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. raised its stake in SPS Commerce by 49.1% during the 4th 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. Amica Retiree Medical Trust lifted its position in SPS Commerce by 19.4% in the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock valued at $95,000 after acquiring an additional 84 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in SPS Commerce by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock valued at $1,476,000 after acquiring an additional 91 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on SPSC shares. Cantor Fitzgerald assumed coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price for the company. Needham & Company LLC restated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Robert W. Baird increased their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Finally, DA Davidson lowered their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $192.56.

SPS Commerce Trading Down 0.5%

Shares of NASDAQ:SPSC traded down $0.62 during midday trading on Friday, hitting $133.47. The stock had a trading volume of 359,641 shares, compared to its average volume of 256,278. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61. The stock has a 50 day moving average price of $140.31 and a two-hundred day moving average price of $155.01. The company has a market capitalization of $5.07 billion, a PE ratio of 62.37 and a beta of 0.73.

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 for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.37% and a net margin of 12.13%. The company had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same quarter in the previous year, the company earned $0.86 EPS. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.