Wellington Management Group LLP Has $42.56 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Wellington Management Group LLP cut its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,325 shares of the software maker's stock after selling 29,018 shares during the quarter. Wellington Management Group LLP owned approximately 0.61% of SPS Commerce worth $42,561,000 as of its most recent SEC filing.

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

SPS Commerce Stock Up 2.1%

Shares of SPSC stock traded up $2.86 during mid-day trading on Tuesday, reaching $141.77. 62,928 shares of the stock traded hands, compared to its average volume of 245,794. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 69.50 and a beta of 0.81. The stock's fifty day simple moving average is $138.24 and its two-hundred day simple moving average is $159.02. SPS Commerce, Inc. has a 1-year low of $120.09 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 analysts' consensus estimates of $0.85 by $0.15. The firm 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%. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. On average, equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

SPSC has been the subject of several analyst reports. Stifel Nicolaus dropped 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 note on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Friday, April 25th. DA Davidson reduced their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird lifted their price objective on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, Northland Securities reissued a "market perform" rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.