Stanley Laman Group Ltd. purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,753 shares of the software maker's stock, valued at approximately $3,153,000. Stanley Laman Group Ltd. owned 0.06% of SPS Commerce at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 125 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the 4th quarter valued at approximately $40,000. Hurley Capital LLC acquired a new position in SPS Commerce during the fourth quarter worth $41,000. Blue Trust Inc. boosted its position in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after purchasing an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in 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 purchasing an additional 374 shares during the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SPSC has been the topic of a number of research reports. Robert W. Baird increased their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Cantor Fitzgerald initiated coverage on SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 target price on the stock. Finally, DA Davidson lowered their target price 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.56.
View Our Latest Report on SPS Commerce
SPS Commerce Trading Down 0.1%
NASDAQ:SPSC traded down $0.16 on Monday, hitting $134.64. 279,599 shares of the stock were exchanged, compared to its average volume of 255,038. The stock has a fifty day moving average of $140.03 and a 200-day moving average of $156.12. The stock has a market cap of $5.11 billion, a PE ratio of 66.00 and a beta of 0.73. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61.
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 12.08% and a return on equity of 12.27%. The firm had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same quarter last year, the firm posted $0.86 earnings per share. SPS Commerce's revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.
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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