Voloridge Investment Management LLC Has $13.31 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Voloridge Investment Management LLC lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,313 shares of the software maker's stock after buying an additional 11,138 shares during the period. Voloridge Investment Management LLC owned approximately 0.19% of SPS Commerce worth $13,305,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in SPS Commerce in the fourth quarter valued at about $40,000. Hurley Capital LLC acquired a new stake in SPS Commerce during the fourth quarter worth approximately $41,000. Blue Trust Inc. boosted its holdings in shares of SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd acquired a new position in shares of SPS Commerce in the 4th quarter valued at $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of SPS Commerce in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

SPS Commerce stock traded up $0.03 during trading hours on Thursday, hitting $142.79. The company had a trading volume of 43,753 shares, compared to its average volume of 243,692. The firm has a market capitalization of $5.42 billion, a P/E ratio of 69.70 and a beta of 0.81. The firm's fifty day moving average is $137.94 and its 200-day moving average is $160.24. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 EPS 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 12.08% and a return on equity of 12.27%. SPS Commerce's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. Analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPSC. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Friday, April 25th. Robert W. Baird boosted their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Stifel Nicolaus lowered their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. DA Davidson decreased 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. Finally, Northland Securities restated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $195.38.

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.