Capital World Investors Buys New Holdings in SPS Commerce, Inc. (SPSC)

Capital World Investors bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 452,930 shares of the software maker’s stock, valued at approximately $28,879,000. Capital World Investors owned about 2.63% of SPS Commerce as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after buying an additional 911 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of SPS Commerce by 113.1% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock valued at $136,000 after buying an additional 1,131 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of SPS Commerce by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock valued at $145,000 after buying an additional 24 shares during the last quarter. Blueport Capital L.P. raised its holdings in shares of SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock valued at $190,000 after buying an additional 379 shares during the last quarter. 98.27% of the stock is owned by institutional investors and hedge funds.

SPSC has been the subject of several analyst reports. Zacks Investment Research cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. KeyCorp reissued a “hold” rating on shares of SPS Commerce in a report on Friday, August 25th. BidaskClub cut shares of SPS Commerce from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $74.00 price target on shares of SPS Commerce and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Northland Securities set a $84.00 price target on shares of SPS Commerce and gave the stock a “buy” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $73.00.

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SPS Commerce, Inc. (NASDAQ SPSC) opened at 58.03 on Monday. The company’s 50-day moving average is $58.55 and its 200 day moving average is $58.96. SPS Commerce, Inc. has a 12-month low of $48.11 and a 12-month high of $73.16. The stock has a market capitalization of $999.33 million, a PE ratio of 109.70 and a beta of 1.13.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.74 million. During the same period in the previous year, the firm earned $0.15 EPS. SPS Commerce’s revenue was up 14.6% on a year-over-year basis. On average, analysts predict that SPS Commerce, Inc. will post $0.88 EPS for the current year.

SPS Commerce Company Profile

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.

Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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