SG Americas Securities LLC Acquires New Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

SG Americas Securities LLC bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,872 shares of the software maker’s stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSC. Charles Schwab Investment Management Inc. lifted its stake in shares of SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock valued at $88,576,000 after acquiring an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 110 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of SPS Commerce by 35.7% during the fourth quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker’s stock worth $5,505,000 after purchasing an additional 7,871 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of SPS Commerce in the fourth quarter valued at approximately $628,000. Finally, Vanguard Group Inc. increased its stake in shares of SPS Commerce by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock valued at $852,032,000 after buying an additional 67,687 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SPSC. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. DA Davidson cut their price target on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 price objective on the stock. Finally, Robert W. Baird increased 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.56.

SPS Commerce Stock Down 0.2%

SPSC opened at $134.36 on Wednesday. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The company has a fifty day moving average of $140.26 and a 200-day moving average of $155.56. The stock has a market cap of $5.10 billion, a PE ratio of 62.79 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC) 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. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business had revenue of $181.55 million for the quarter, compared to analysts’ expectations of $179.57 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

About SPS Commerce

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.