Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,622 shares of the software maker's stock, valued at approximately $3,799,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of SPS Commerce at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings 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 valued at $30,000 after purchasing an additional 125 shares during the period. Allworth Financial LP grew its holdings in shares of SPS Commerce by 296.6% during 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 during the period. Hurley Capital LLC purchased a new position in shares of SPS Commerce during the 4th quarter worth approximately $41,000. Versant Capital Management Inc grew its holdings in shares of SPS Commerce by 4,155.6% during 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 during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of SPS Commerce during the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

Shares of SPSC traded down $4.19 during midday trading on Friday, hitting $104.68. 260,680 shares of the company traded hands, compared to its average volume of 334,741. The firm has a 50 day moving average of $138.14 and a 200-day moving average of $144.23. SPS Commerce, Inc. has a 52 week low of $104.51 and a 52 week high of $204.21. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 48.03 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.38%. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. Sell-side analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird upped their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Cantor Fitzgerald started coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock. DA Davidson reissued a "neutral" rating and issued a $125.00 price target (down from $175.00) on shares of SPS Commerce in a research report on Thursday. Needham & Company LLC dropped their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Wall Street Zen raised SPS Commerce from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, SPS Commerce currently has an average rating of "Moderate Buy" and a consensus target price of $165.80.

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.