Virginia Retirement Systems ET AL lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 7.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,600 shares of the software maker’s stock after selling 300 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in SPS Commerce were worth $472,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SPSC. Conestoga Capital Advisors LLC grew its position in shares of SPS Commerce by 0.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,808,439 shares of the software maker’s stock worth $257,431,000 after purchasing an additional 5,930 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in SPS Commerce by 9.7% during the 1st quarter. Congress Asset Management Co. MA now owns 1,010,339 shares of the software maker’s stock valued at $132,556,000 after buying an additional 89,021 shares in the last quarter. Riverbridge Partners LLC raised its position in shares of SPS Commerce by 10.2% during the first quarter. Riverbridge Partners LLC now owns 971,524 shares of the software maker’s stock valued at $127,464,000 after buying an additional 89,681 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SPS Commerce by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 663,382 shares of the software maker’s stock worth $94,432,000 after buying an additional 14,272 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of SPS Commerce during the fourth quarter worth $72,020,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Separately, StockNews.com assumed coverage on shares of SPS Commerce in a report on Thursday, March 31st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.86.
SPS Commerce stock opened at $116.51 on Friday. The company’s 50-day moving average price is $108.46 and its 200-day moving average price is $120.34. The company has a market cap of $4.21 billion, a PE ratio of 91.74 and a beta of 0.78. SPS Commerce, Inc. has a twelve month low of $94.84 and a twelve month high of $174.42.
SPS Commerce (NASDAQ:SPSC – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.30 by $0.08. SPS Commerce had a return on equity of 10.33% and a net margin of 11.74%. The company had revenue of $105.20 million during the quarter, compared to analyst estimates of $104.50 million. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 1.42 earnings per share for the current year.
SPS Commerce Company Profile (Get Rating)
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
Further Reading
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