Conestoga Capital Advisors LLC Has $260.55 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Conestoga Capital Advisors LLC decreased its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,344,171 shares of the software maker's stock after selling 212,365 shares during the period. SPS Commerce comprises approximately 3.9% of Conestoga Capital Advisors LLC's holdings, making the stock its 3rd largest holding. Conestoga Capital Advisors LLC owned 3.66% of SPS Commerce worth $260,554,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of SPS Commerce in the 3rd quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of SPS Commerce in the 4th quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in shares of SPS Commerce in the 3rd quarter worth approximately $35,000. RiverPark Advisors LLC acquired a new position in shares of SPS Commerce in the 3rd quarter worth approximately $42,000. Finally, CVA Family Office LLC acquired a new position in shares of SPS Commerce in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPSC. Citigroup began coverage on SPS Commerce in a research report on Wednesday, March 13th. They set a "buy" rating and a $216.00 price target on the stock. StockNews.com lowered SPS Commerce from a "buy" rating to a "hold" rating in a research report on Friday, March 15th. Finally, Needham & Company LLC restated a "buy" rating and set a $205.00 price target on shares of SPS Commerce in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $199.67.

Insider Transactions at SPS Commerce

In other news, COO James J. Frome sold 2,901 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the transaction, the chief operating officer now directly owns 54,029 shares in the company, valued at approximately $9,904,596.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Archie C. Black sold 12,875 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $179.42, for a total transaction of $2,310,032.50. Following the sale, the director now owns 89,940 shares of the company's stock, valued at approximately $16,137,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James J. Frome sold 2,901 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $183.32, for a total value of $531,811.32. Following the sale, the chief operating officer now directly owns 54,029 shares in the company, valued at approximately $9,904,596.28. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock worth $12,122,275 in the last three months. Insiders own 1.20% of the company's stock.

SPS Commerce Stock Performance

SPSC traded down $9.03 during mid-day trading on Wednesday, reaching $170.54. The stock had a trading volume of 204,009 shares, compared to its average volume of 168,420. The stock has a market capitalization of $6.33 billion, a P/E ratio of 96.90 and a beta of 0.79. The firm's fifty day simple moving average is $184.17 and its two-hundred day simple moving average is $179.26. SPS Commerce, Inc. has a 52 week low of $140.00 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.07. The firm had revenue of $144.97 million for the quarter, compared to analyst estimates of $143.05 million. SPS Commerce had a return on equity of 12.18% and a net margin of 12.26%. As a group, analysts expect that SPS Commerce, Inc. will post 2.13 EPS for the current fiscal year.

SPS Commerce Company 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.