Stratos Wealth Partners LTD. Lowers Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Stratos Wealth Partners LTD. decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,117 shares of the software maker's stock after selling 3,376 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in SPS Commerce were worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Amica Retiree Medical Trust boosted its holdings in SPS Commerce by 19.4% in the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock worth $95,000 after purchasing an additional 84 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 worth $1,476,000 after acquiring an additional 91 shares during the period. Hancock Whitney Corp raised its position in SPS Commerce by 8.3% in the fourth quarter. Hancock Whitney Corp now owns 1,193 shares of the software maker's stock worth $220,000 after acquiring an additional 91 shares during the period. Synovus Financial Corp raised its position in SPS Commerce by 1.2% in the fourth quarter. Synovus Financial Corp now owns 9,430 shares of the software maker's stock worth $1,735,000 after acquiring an additional 115 shares during the period. Finally, Maryland State Retirement & Pension System raised its position in shares of SPS Commerce by 1.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 12,651 shares of the software maker's stock valued at $2,328,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 98.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. DA Davidson dropped their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price target for the company. Finally, Robert W. Baird lifted their price target 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $192.56.

SPS Commerce Trading Down 3.1%

Shares of SPSC stock traded down $4.27 during trading hours on Friday, hitting $131.73. The company's stock had a trading volume of 222,863 shares, compared to its average volume of 262,913. The company has a 50 day moving average of $140.96 and a 200 day moving average of $148.20. The stock has a market cap of $5.00 billion, a PE ratio of 61.56 and a beta of 0.71. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The business had revenue of $181.55 million for 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 revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. As a group, analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.