Xponance Inc. Increases Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Xponance Inc. boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,861 shares of the software maker’s stock after purchasing an additional 144 shares during the quarter. Xponance Inc.’s holdings in SPS Commerce were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock worth $30,000 after acquiring an additional 125 shares during the last quarter. Allworth Financial LP increased its stake in shares of SPS Commerce by 296.6% in the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after buying an additional 175 shares during the period. Hurley Capital LLC purchased a new position in shares of SPS Commerce in the fourth quarter worth $41,000. Versant Capital Management Inc increased its stake in shares of SPS Commerce by 4,155.6% in the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker’s stock worth $51,000 after buying an additional 374 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of SPS Commerce in the fourth quarter worth $70,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SPSC shares. Morgan Stanley started coverage on shares of SPS Commerce in a research note on Monday, July 14th. They issued an “overweight” rating and a $180.00 target price on the stock. DA Davidson decreased their target price on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating on the stock 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 target price on the stock. Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $191.30.

SPS Commerce Stock Down 2.5%

NASDAQ:SPSC opened at $138.98 on Friday. The stock has a market cap of $5.28 billion, a P/E ratio of 64.94 and a beta of 0.71. The firm’s fifty day simple moving average is $140.61 and its 200 day simple moving average is $147.17. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The firm had revenue of $181.55 million for the quarter, compared to analysts’ expectations of $179.57 million. During the same quarter in the previous year, the business posted $0.86 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis. On average, analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.