SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 20.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,964 shares of the software maker’s stock after buying an additional 1,722 shares during the period. Cetera Investment Advisers’ holdings in SPS Commerce were worth $1,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock valued at $30,000 after buying an additional 125 shares during the period. Allworth Financial LP boosted its position in shares of 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 acquiring an additional 175 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of 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 acquiring an additional 374 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of SPS Commerce in the 4th quarter valued at about $70,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of SPS Commerce by 35.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 548 shares of the software maker’s stock valued at $73,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPSC. Loop Capital downgraded SPS Commerce from a “buy” rating to a “hold” rating and reduced their price objective for the company from $175.00 to $120.00 in a research note on Thursday, July 31st. Cantor Fitzgerald started coverage on SPS Commerce in a report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 target price on the stock. Morgan Stanley lowered their target price on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Wall Street Zen upgraded SPS Commerce from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Finally, Needham & Company LLC lowered their price target on SPS Commerce from $210.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.80.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC opened at $106.25 on Monday. SPS Commerce, Inc. has a 1 year low of $102.05 and a 1 year high of $204.20. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 48.74 and a beta of 0.71. The stock’s 50-day simple moving average is $133.92 and its 200-day simple moving average is $140.06.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%. SPS Commerce’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, research analysts predict that SPS Commerce, Inc. will post 2.73 EPS 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.