SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in SPS Commerce by 126.3% during 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 during the period. Hurley Capital LLC acquired a new stake in SPS Commerce in the 4th quarter valued at $41,000. Versant Capital Management Inc boosted its stake in SPS Commerce by 4,155.6% in the 1st 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. Johnson Financial Group Inc. acquired a new position in SPS Commerce in the fourth quarter worth $70,000. Finally, Harbor Investment Advisory LLC raised its position in shares of SPS Commerce by 35.6% during the first quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker's stock worth $73,000 after acquiring an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

SPSC traded up $9.15 on Monday, hitting $140.88. The company had a trading volume of 533,723 shares, compared to its average volume of 263,996. The stock has a fifty day simple moving average of $140.96 and a 200-day simple moving average of $148.20. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The firm has a market capitalization of $5.35 billion, a P/E ratio of 65.83 and a beta of 0.71.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on SPSC shares. Cantor Fitzgerald assumed coverage on SPS Commerce in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price target for the company. Morgan Stanley began coverage on SPS Commerce in a research note on Monday. They set an "overweight" rating and a $180.00 target price on the stock. Robert W. Baird raised their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a report on Friday, April 25th. Finally, DA Davidson reduced 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.30.

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.