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

Cetera Investment Advisers reduced its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,242 shares of the software maker’s stock after selling 184 shares during the quarter. Cetera Investment Advisers’ holdings in SPS Commerce were worth $1,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of SPS Commerce during the fourth quarter worth about $40,000. Hurley Capital LLC purchased a new position in shares of SPS Commerce during the fourth quarter worth about $41,000. Blue Trust Inc. grew its holdings in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after buying an additional 84 shares during the last quarter. R Squared Ltd purchased a new position in shares of SPS Commerce during the fourth quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of SPS Commerce during the fourth quarter worth about $57,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Friday, April 25th. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. DA Davidson decreased their price target on SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citigroup decreased their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Robert W. Baird boosted their price target on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.38.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $149.00 on Wednesday. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61. The company has a market capitalization of $5.66 billion, a P/E ratio of 73.04 and a beta of 0.81. The business has a 50 day moving average price of $136.13 and a 200 day moving average price of $161.55.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. SPS Commerce’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. As a group, research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal 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.