Stephens Investment Management Group LLC Has $14.36 Million Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Stephens Investment Management Group LLC cut its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,155 shares of the software maker's stock after selling 11,282 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.28% of SPS Commerce worth $14,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPSC. MassMutual Private Wealth & Trust FSB raised its position in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after acquiring an additional 125 shares in the last quarter. Allworth Financial LP raised its position in shares of SPS Commerce by 296.6% in the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after acquiring an additional 175 shares in the last quarter. Hurley Capital LLC bought a new position in shares of SPS Commerce in the 4th quarter worth about $41,000. Versant Capital Management Inc raised its position in shares of SPS Commerce by 4,155.6% in the 1st 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. Finally, Johnson Financial Group Inc. bought a new position in shares of SPS Commerce in the 4th quarter worth about $70,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPSC has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Robert W. Baird boosted their target price on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Cantor Fitzgerald initiated 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. Finally, DA Davidson decreased their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Stock Performance

Shares of SPSC opened at $131.73 on Monday. The stock has a 50 day moving average price of $140.96 and a two-hundred day moving average price of $148.20. The firm has a market capitalization of $5.00 billion, a P/E ratio of 61.56 and a beta of 0.71. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. The firm had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a return on equity of 12.37% and a net margin of 12.13%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. On average, equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

SPS Commerce 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.

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