Los Angeles Capital Management LLC Has $4.12 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Los Angeles Capital Management LLC grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,240 shares of the software maker’s stock after purchasing an additional 2,416 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of SPS Commerce worth $4,117,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of SPS Commerce by 4,691.6% during the third quarter. Wellington Management Group LLP now owns 277,913 shares of the software maker’s stock worth $47,415,000 after buying an additional 272,113 shares in the last quarter. Comerica Bank bought a new position in SPS Commerce in the third quarter valued at about $23,356,000. Ameriprise Financial Inc. boosted its stake in shares of SPS Commerce by 27.6% during the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock valued at $101,449,000 after purchasing an additional 128,788 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SPS Commerce by 38.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 419,612 shares of the software maker’s stock valued at $71,590,000 after purchasing an additional 115,522 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of SPS Commerce by 102.8% during the third quarter. Lord Abbett & CO. LLC now owns 184,992 shares of the software maker’s stock worth $31,562,000 after purchasing an additional 93,795 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPSC shares. Citigroup initiated coverage on SPS Commerce in a report on Wednesday, March 13th. They set a “buy” rating and a $216.00 target price on the stock. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a report on Thursday, April 25th. StockNews.com lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Needham & Company LLC restated a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research report on Friday, April 26th. Finally, Robert W. Baird increased their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.57.

SPS Commerce Trading Up 0.2 %

Shares of NASDAQ:SPSC opened at $182.41 on Monday. The stock has a market cap of $6.75 billion, a PE ratio of 99.68 and a beta of 0.81. The stock’s fifty day simple moving average is $178.39 and its two-hundred day simple moving average is $179.55. SPS Commerce, Inc. has a 1-year low of $147.90 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The firm had revenue of $144.97 million during the quarter, compared to analyst estimates of $143.05 million. On average, sell-side analysts forecast that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $181.56, for a total value of $1,583,747.88. Following the sale, the director now owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other SPS Commerce news, COO James J. Frome sold 2,901 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $183.32, for a total transaction of $531,811.32. Following the completion of the transaction, the chief operating officer now owns 54,029 shares in the company, valued at $9,904,596.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the completion of the transaction, the director now owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,019 shares of company stock worth $5,186,345. Insiders own 1.00% of the company’s stock.

About SPS Commerce

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.