Torray Investment Partners LLC Acquires 4,016 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Torray Investment Partners LLC raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 59.3% in the 1st quarter, HoldingsChannel reports. The firm owned 10,783 shares of the software maker’s stock after purchasing an additional 4,016 shares during the quarter. Torray Investment Partners LLC’s holdings in SPS Commerce were worth $1,431,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SPSC. MassMutual Private Wealth & Trust FSB raised its position in shares of SPS Commerce by 126.3% during the first 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 raised its position in shares of SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock worth $33,000 after acquiring an additional 175 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of SPS Commerce during the fourth quarter worth $41,000. Versant Capital Management Inc raised its position in shares of SPS Commerce by 4,155.6% during the first quarter. Versant Capital Management Inc now owns 383 shares of the software maker’s stock worth $51,000 after acquiring an additional 374 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of SPS Commerce during the fourth quarter worth $70,000. Institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPSC. Cantor Fitzgerald started coverage on SPS Commerce in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $170.00 target price for the company. Morgan Stanley started coverage on SPS Commerce in a research note on Monday, July 14th. They set an “overweight” rating and a $180.00 price objective for the company. DA Davidson decreased their price objective 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. Wall Street Zen raised SPS Commerce from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, SPS Commerce presently has an average rating of “Moderate Buy” and an average price target of $187.00.

SPS Commerce Trading Down 0.4%

NASDAQ:SPSC opened at $139.56 on Thursday. SPS Commerce, Inc. has a 1 year low of $120.08 and a 1 year high of $218.61. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 65.22 and a beta of 0.71. The stock has a 50-day moving average price of $138.97 and a two-hundred day moving average price of $144.75.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The company had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.37% and a net margin of 12.13%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.