Janney Montgomery Scott LLC Sells 112 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Janney Montgomery Scott LLC cut its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,756 shares of the software maker’s stock after selling 112 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPS Commerce were worth $233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock valued at $88,576,000 after buying an additional 16,272 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in 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 worth $1,047,000 after purchasing an additional 110 shares during the period. SG Americas Securities LLC bought a new position in SPS Commerce during the first quarter worth $1,045,000. Vanguard Group Inc. boosted its position in SPS Commerce by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after purchasing an additional 67,687 shares during the period. Finally, First Trust Advisors LP boosted its position in SPS Commerce by 202.0% during the fourth quarter. First Trust Advisors LP now owns 5,683 shares of the software maker’s stock worth $1,046,000 after purchasing an additional 3,801 shares during the period. 98.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SPSC shares. Cantor Fitzgerald started 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. DA Davidson reduced their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. Finally, Robert W. Baird boosted their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Four investment 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 stock currently has an average rating of “Moderate Buy” and an average target price of $192.56.

SPS Commerce Trading Up 1.2%

Shares of NASDAQ SPSC opened at $141.55 on Monday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 66.15 and a beta of 0.71. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The stock has a 50-day moving average price of $141.51 and a two-hundred day moving average price of $150.02.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. SPS Commerce had a return on equity of 12.37% and a net margin of 12.13%. The firm had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts predict 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.