SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 360.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,631 shares of the software maker’s stock after acquiring an additional 1,277 shares during the period. RiverPark Advisors LLC’s holdings in SPS Commerce were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in SPS Commerce by 10.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 589 shares of the software maker’s stock valued at $114,000 after acquiring an additional 56 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of SPS Commerce by 1.7% in the 4th quarter. Arkadios Wealth Advisors now owns 3,789 shares of the software maker’s stock valued at $734,000 after purchasing an additional 64 shares during the period. Wealth Alliance lifted its stake in shares of SPS Commerce by 4.4% in the 4th quarter. Wealth Alliance now owns 1,674 shares of the software maker’s stock valued at $324,000 after purchasing an additional 71 shares during the period. Yousif Capital Management LLC lifted its stake in shares of SPS Commerce by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 18,479 shares of the software maker’s stock valued at $3,582,000 after purchasing an additional 81 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of SPS Commerce by 4.8% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,834 shares of the software maker’s stock valued at $356,000 after purchasing an additional 84 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SPS Commerce

In other news, Director James Burr Ramsey sold 6,567 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the sale, the director now owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPSC. Robert W. Baird boosted their target price on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research note on Friday, May 10th. Redburn Atlantic assumed coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They issued a “buy” rating and a $220.00 target price for the company. Citigroup upped their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.29.

SPS Commerce Trading Down 2.1 %

NASDAQ:SPSC traded down $3.91 during trading hours on Tuesday, reaching $185.94. 124,791 shares of the company were exchanged, compared to its average volume of 175,930. The stock’s 50-day moving average is $188.82 and its 200-day moving average is $184.66. The firm has a market cap of $6.89 billion, a PE ratio of 101.61 and a beta of 0.85. SPS Commerce, Inc. has a twelve month low of $151.96 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 25th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The business had revenue of $149.58 million during the quarter, compared to analyst estimates of $146.50 million. As a group, research analysts anticipate that SPS Commerce, Inc. will post 2.23 EPS 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.