XTX Topco Ltd Buys Shares of 18,524 SPS Commerce, Inc. (NASDAQ:SPSC)

XTX Topco Ltd purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,524 shares of the software maker's stock, valued at approximately $2,459,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hurley Capital LLC acquired a new position in SPS Commerce during the 4th quarter worth $41,000. MassMutual Private Wealth & Trust FSB lifted 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 worth $30,000 after buying an additional 125 shares during the last quarter. Allworth Financial LP lifted its holdings in 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 buying an additional 175 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in SPS Commerce during the 4th quarter worth about $70,000. Finally, Versant Capital Management Inc lifted its holdings in 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 buying an additional 374 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPSC has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price target on SPS Commerce from $210.00 to $160.00 and set a "buy" rating for the company in a report on Thursday. Loop Capital downgraded SPS Commerce from a "buy" rating to a "hold" rating and reduced their target price for the company from $175.00 to $120.00 in a report on Thursday. Robert W. Baird boosted their target price on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus reduced their target price on SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a report on Thursday. Finally, Wall Street Zen raised SPS Commerce from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.80.

SPS Commerce Price Performance

NASDAQ SPSC traded down $4.98 on Friday, hitting $103.88. 817,302 shares of the company's stock were exchanged, compared to its average volume of 338,829. The firm's 50-day moving average price is $138.14 and its two-hundred day moving average price is $144.23. SPS Commerce, Inc. has a fifty-two week low of $103.18 and a fifty-two week high of $204.21. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 47.65 and a beta of 0.71.

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

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.