SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Reduced by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,640 shares of the software maker's stock after selling 2,918 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.25% of SPS Commerce worth $17,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank raised its holdings in shares of SPS Commerce by 0.6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock valued at $2,025,000 after buying an additional 61 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after acquiring an additional 71 shares during the period. 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 in the last quarter. Amica Retiree Medical Trust raised its holdings in SPS Commerce by 19.4% during the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock worth $95,000 after purchasing an additional 84 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SPS Commerce by 1.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock worth $1,476,000 after purchasing an additional 91 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Down 1.3%

Shares of NASDAQ SPSC traded down $1.99 on Wednesday, hitting $147.02. The company had a trading volume of 16,205 shares, compared to its average volume of 242,314. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61. The business has a 50 day moving average of $136.13 and a two-hundred day moving average of $161.55. The firm has a market capitalization of $5.58 billion, a P/E ratio of 72.19 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. The firm 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 12.27% and a net margin of 12.08%. SPS Commerce's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPSC. Northland Securities reaffirmed a "market perform" rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock 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 report on Friday, April 25th. Citigroup decreased their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Finally, DA Davidson lowered their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.