Allworth Financial LP Buys 175 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Allworth Financial LP grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 296.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 234 shares of the software maker’s stock after acquiring an additional 175 shares during the quarter. Allworth Financial LP’s holdings in SPS Commerce were worth $33,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Amica Retiree Medical Trust increased its stake in SPS Commerce by 19.4% in the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock valued at $95,000 after acquiring an additional 84 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of SPS Commerce by 1.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock valued at $1,476,000 after purchasing an additional 91 shares in the last quarter. Hancock Whitney Corp increased its stake in shares of SPS Commerce by 8.3% in the 4th quarter. Hancock Whitney Corp now owns 1,193 shares of the software maker’s stock valued at $220,000 after purchasing an additional 91 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of SPS Commerce by 7.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,391 shares of the software maker’s stock valued at $185,000 after purchasing an additional 96 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of SPS Commerce by 1.2% during the 4th quarter. Synovus Financial Corp now owns 9,430 shares of the software maker’s stock worth $1,735,000 after buying an additional 115 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SPSC has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Friday, April 25th. DA Davidson lowered their target price on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald started coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 price target on the stock. Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Friday. Finally, Robert W. Baird upped their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.30.

SPS Commerce Trading Down 2.5%

Shares of SPSC stock opened at $138.98 on Friday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 64.94 and a beta of 0.71. The business’s 50-day moving average price is $140.61 and its 200-day moving average price is $147.17. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business had revenue of $181.55 million for the quarter, compared to the consensus estimate of $179.57 million. During the same period last year, the company earned $0.86 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. On average, sell-side analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share 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.