SPS Commerce, Inc. (NASDAQ:SPSC) Position Reduced by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 25.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525 shares of the software maker’s stock after selling 175 shares during the period. Pacer Advisors Inc.’s holdings in SPS Commerce were worth $70,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPSC. Hurley Capital LLC purchased a new position in SPS Commerce during the 4th quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB grew its position in SPS Commerce by 126.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock worth $30,000 after purchasing an additional 125 shares in the last quarter. Allworth Financial LP grew its position in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in SPS Commerce during the 4th quarter worth approximately $70,000. Finally, Versant Capital Management Inc grew its position in SPS Commerce by 4,155.6% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker’s stock worth $51,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

SPSC has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday. DA Davidson lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating and decreased their target price for the company from $175.00 to $125.00 in a research note on Thursday. Needham & Company LLC decreased their target price on shares of SPS Commerce from $210.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday. Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, Stifel Nicolaus decreased their target price on shares of SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.80.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $103.88 on Friday. The firm’s fifty day moving average is $137.36 and its 200-day moving average is $143.38. SPS Commerce, Inc. has a 52 week low of $103.18 and a 52 week high of $204.21. The firm has a market cap of $3.94 billion, a P/E ratio of 47.65 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million for the quarter, compared to the consensus estimate of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.