Conestoga Capital Advisors LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,260,182 shares of the software maker's stock after buying an additional 11,590 shares during the period. SPS Commerce makes up about 2.5% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 13th largest holding. Conestoga Capital Advisors LLC owned approximately 3.31% of SPS Commerce worth $167,264,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of SPSC. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after buying an additional 125 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of SPS Commerce in the fourth quarter valued at $40,000. Hurley Capital LLC bought a new position in shares of SPS Commerce in the fourth quarter valued at $41,000. Blue Trust Inc. increased its holdings 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 valued at $47,000 after buying an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings 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 valued at $51,000 after buying an additional 374 shares in the last quarter. Institutional investors own 98.96% of the company's stock.
SPS Commerce Stock Down 0.2%
Shares of SPS Commerce stock traded down $0.27 on Thursday, hitting $134.09. 256,803 shares of the company traded hands, compared to its average volume of 255,865. The company has a 50-day moving average price of $140.31 and a 200 day moving average price of $155.01. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The company has a market cap of $5.09 billion, a PE ratio of 62.66 and a beta of 0.73.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly 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. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. 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 company posted $0.86 EPS. SPS Commerce's revenue was up 21.4% on a year-over-year basis. Equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on SPSC. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. DA Davidson cut their target price 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 began coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.56.
Check Out Our Latest Report on SPSC
SPS Commerce Profile
(
Free Report)
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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