Teacher Retirement System of Texas Sells 3,388 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Teacher Retirement System of Texas cut its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 8.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,489 shares of the software maker's stock after selling 3,388 shares during the period. Teacher Retirement System of Texas owned about 0.10% of SPS Commerce worth $4,976,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SPSC. Mutual of America Capital Management LLC lifted its stake in shares of SPS Commerce by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after buying an additional 110 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of SPS Commerce by 706.9% in the fourth quarter. Jones Financial Companies Lllp now owns 823 shares of the software maker's stock worth $151,000 after buying an additional 721 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce in the fourth quarter worth $40,000. Charles Schwab Investment Management Inc. raised its stake in SPS Commerce by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after purchasing an additional 16,272 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in SPS Commerce during the 4th quarter valued at $14,083,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Price Performance

SPSC traded up $2.25 during mid-day trading on Tuesday, hitting $139.64. The stock had a trading volume of 301,926 shares, compared to its average volume of 327,707. The stock's fifty day simple moving average is $141.46 and its 200-day simple moving average is $149.66. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 65.25 and a beta of 0.71. SPS Commerce, Inc. has a 1-year low of $120.08 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. As a group, research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research note 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 for the company in a research note on Monday, April 14th. 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. Finally, Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $170.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, SPS Commerce presently has a consensus rating of "Moderate Buy" and an average price target of $192.56.

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.