SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Trust Point Inc.

Trust Point Inc. lessened its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,869 shares of the software maker's stock after selling 4,962 shares during the period. Trust Point Inc.'s holdings in SPS Commerce were worth $1,310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings 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 valued at $30,000 after purchasing an additional 125 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the 4th quarter worth approximately $40,000. Hurley Capital LLC purchased a new position in SPS Commerce in the 4th quarter valued at approximately $41,000. Blue Trust Inc. raised its holdings 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 during the last quarter. Finally, Versant Capital Management Inc boosted its position in SPS Commerce by 4,155.6% during the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after purchasing an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

NASDAQ:SPSC traded down $0.27 during mid-day trading on Thursday, reaching $134.09. The stock had a trading volume of 256,803 shares, compared to its average volume of 255,865. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 62.66 and a beta of 0.73. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61. The stock's 50 day simple moving average is $140.23 and its two-hundred day simple moving average is $155.41.

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

Wall Street Analyst Weigh In

SPSC has been the subject of several research reports. Cantor Fitzgerald started coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective for the company. DA Davidson dropped 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 report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Finally, Robert W. Baird upped their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, SPS Commerce has an average rating of "Moderate Buy" and an average target price of $192.56.

SPS Commerce Company 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.