UniSuper Management Pty Ltd Makes New $1.33 Million Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

UniSuper Management Pty Ltd bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 1st quarter, Holdings Channel reports. The firm bought 7,193 shares of the software maker’s stock, valued at approximately $1,330,000.

A number of other institutional investors have also made changes to their positions in SPSC. O Shaughnessy Asset Management LLC increased its holdings in shares of SPS Commerce by 24.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,877 shares of the software maker’s stock valued at $717,000 after purchasing an additional 769 shares in the last quarter. Cynosure Group LLC acquired a new stake in shares of SPS Commerce in the 1st quarter valued at $309,000. Hillsdale Investment Management Inc. raised its position in shares of SPS Commerce by 8.7% during the first quarter. Hillsdale Investment Management Inc. now owns 31,330 shares of the software maker’s stock worth $5,793,000 after acquiring an additional 2,500 shares during the last quarter. Summit Creek Advisors LLC lifted its stake in shares of SPS Commerce by 0.6% during the first quarter. Summit Creek Advisors LLC now owns 126,567 shares of the software maker’s stock valued at $23,402,000 after acquiring an additional 804 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in SPS Commerce by 47.1% in the first quarter. Edgestream Partners L.P. now owns 7,123 shares of the software maker’s stock valued at $1,317,000 after acquiring an additional 2,282 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Philip Soran sold 2,390 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the completion of the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,879,553.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Burr Ramsey sold 6,567 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the transaction, the director now owns 14,728 shares of the company’s stock, valued at approximately $2,855,759.20. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock worth $2,422,377 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

NASDAQ:SPSC traded up $1.97 during trading hours on Tuesday, hitting $208.65. The stock had a trading volume of 199,372 shares, compared to its average volume of 179,848. The business’s 50 day moving average is $191.31 and its 200-day moving average is $185.37. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 114.07 and a beta of 0.85. SPS Commerce, Inc. has a one year low of $151.96 and a one year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. The business had revenue of $149.58 million during the quarter, compared to analysts’ expectations of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

SPSC has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday, May 10th. William Blair restated a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. Citigroup raised their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Robert W. Baird upped their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Redburn Atlantic began coverage on SPS Commerce in a research report on Tuesday, May 14th. They issued a “buy” rating and a $220.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and a consensus target price of $200.29.

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.