Yousif Capital Management LLC Reduces Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Yousif Capital Management LLC lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,071 shares of the software maker’s stock after selling 155 shares during the period. Yousif Capital Management LLC’s holdings in SPS Commerce were worth $1,868,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC increased its position in SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after purchasing an additional 742,686 shares during the last quarter. Norges Bank acquired a new position in SPS Commerce in the fourth quarter valued at approximately $81,543,000. JPMorgan Chase & Co. grew its position in SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock worth $93,286,000 after acquiring an additional 252,575 shares during the period. Ameriprise Financial Inc. increased its stake in SPS Commerce by 33.4% during the fourth quarter. Ameriprise Financial Inc. now owns 765,709 shares of the software maker’s stock worth $140,882,000 after acquiring an additional 191,740 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in SPS Commerce in the fourth quarter valued at $27,441,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPSC. Robert W. Baird increased their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. DA Davidson lowered 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 note on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a research note on Friday, April 25th. Finally, Cantor Fitzgerald assumed coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 price objective for the company. Four investment 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 has an average rating of “Moderate Buy” and an average price target of $192.56.

SPS Commerce Price Performance

SPSC opened at $134.80 on Monday. The business has a fifty day moving average price of $140.03 and a 200 day moving average price of $156.12. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 66.08 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million during the quarter, compared to analysts’ expectations of $179.57 million. During the same quarter last year, the business posted $0.86 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.