Mason Street Advisors LLC raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,018 shares of the software maker’s stock after buying an additional 295 shares during the period. Mason Street Advisors LLC’s holdings in SPS Commerce were worth $235,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of SPSC. Simplex Trading LLC acquired a new position in shares of SPS Commerce during the first quarter worth $110,000. State of Alaska Department of Revenue raised its position in shares of SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after buying an additional 60 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock worth $190,000 after buying an additional 379 shares in the last quarter. Bank of Montreal Can raised its position in shares of SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after buying an additional 23 shares in the last quarter. Finally, Tiedemann Wealth Management LLC raised its position in shares of SPS Commerce by 9.1% in the first quarter. Tiedemann Wealth Management LLC now owns 3,710 shares of the software maker’s stock worth $217,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Shares of SPS Commerce, Inc. (SPSC) opened at 63.96 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 145.36 and a beta of 1.26. The stock has a 50 day moving average of $59.09 and a 200-day moving average of $61.58. SPS Commerce, Inc. has a one year low of $48.11 and a one year high of $74.85.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, April 27th. The software maker reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.15. The company had revenue of $51.90 million during the quarter, compared to the consensus estimate of $51.82 million. SPS Commerce had a return on equity of 4.62% and a net margin of 3.83%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. Equities analysts forecast that SPS Commerce, Inc. will post $0.85 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Friday, May 5th. Needham & Company LLC lowered their price target on shares of SPS Commerce from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Benchmark Co. downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Finally, BidaskClub raised shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $74.43.
SPS Commerce Company Profile
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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