Focus Financial Network Inc. Buys 1,636 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Focus Financial Network Inc. raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 15.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,991 shares of the software maker’s stock after purchasing an additional 1,636 shares during the period. Focus Financial Network Inc.’s holdings in SPS Commerce were worth $2,328,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SPSC. Mather Group LLC. grew its position in shares of SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of SPS Commerce during the second quarter worth about $30,000. Blue Trust Inc. grew its position in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of SPS Commerce during the first quarter worth about $60,000. Finally, DT Investment Partners LLC purchased a new stake in shares of SPS Commerce during the second quarter worth about $63,000. Institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling

In related news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the sale, the director now directly owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

SPS Commerce Price Performance

NASDAQ:SPSC opened at $166.47 on Friday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 79.65 and a beta of 0.84. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The business has a 50 day simple moving average of $190.61 and a 200-day simple moving average of $190.43.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. As a group, analysts expect that SPS Commerce, Inc. will post 2.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on SPSC shares. DA Davidson increased their target price on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus increased their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note on Friday, October 25th. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the company from $205.00 to $209.00 in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $223.63.

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.