SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Cwm LLC

Cwm LLC boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 97.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 721 shares of the software maker’s stock after acquiring an additional 356 shares during the quarter. Cwm LLC’s holdings in SPS Commerce were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of SPS Commerce by 36.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,615 shares of the software maker’s stock worth $665,000 after acquiring an additional 966 shares during the last quarter. LPL Financial LLC grew its position in shares of SPS Commerce by 13.0% during the fourth quarter. LPL Financial LLC now owns 46,561 shares of the software maker’s stock worth $8,674,000 after acquiring an additional 5,353 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of SPS Commerce by 99.3% during 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 last quarter. Norges Bank purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $81,543,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $387,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.4%

NASDAQ:SPSC opened at $139.56 on Thursday. The company has a market capitalization of $5.30 billion, a PE ratio of 65.22 and a beta of 0.71. The stock has a fifty day simple moving average of $138.97 and a 200-day simple moving average of $144.75. SPS Commerce, Inc. has a 52-week low of $120.08 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. SPS Commerce had a return on equity of 12.37% and a net margin of 12.13%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 target price on the stock. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Morgan Stanley initiated coverage on SPS Commerce in a report on Monday, July 14th. They set an “overweight” rating and a $180.00 price target for the company. DA Davidson decreased their price target on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.00.

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.