Whittier Trust Co. of Nevada Inc. Acquires 539 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Whittier Trust Co. of Nevada Inc. grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,197 shares of the software maker’s stock after purchasing an additional 539 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in SPS Commerce were worth $2,295,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SPSC. Vanguard Group Inc. raised its stake in shares of SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after acquiring an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of SPS Commerce by 2.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock worth $230,950,000 after acquiring an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of SPS Commerce by 1.5% during the 1st quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after acquiring an additional 12,397 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of SPS Commerce by 2.9% during the 1st quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock worth $110,508,000 after acquiring an additional 17,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of SPS Commerce by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 492,802 shares of the software maker’s stock worth $95,527,000 after acquiring an additional 7,179 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Price Performance

SPSC stock traded up $4.36 during midday trading on Thursday, hitting $200.69. 80,573 shares of the stock traded hands, compared to its average volume of 176,113. The firm has a market cap of $7.43 billion, a P/E ratio of 110.32 and a beta of 0.85. The stock’s fifty day simple moving average is $196.66 and its 200-day simple moving average is $188.33. SPS Commerce, Inc. has a 1-year low of $151.96 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. During the same quarter last year, the business earned $0.42 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. On average, research analysts predict that SPS Commerce, Inc. will post 2.33 earnings per share for the current year.

Insider Activity

In other news, Director Philip Soran sold 2,390 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total value of $491,838.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other SPS Commerce news, Director Philip Soran sold 2,390 shares of SPS Commerce stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the transaction, the director now directly owns 18,852 shares of the company’s stock, valued at $3,879,553.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the transaction, the director now directly owns 16,212 shares in the company, valued at $3,264,286.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,675 shares of company stock worth $1,551,735 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPSC shares. Citigroup boosted their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research note on Friday, August 2nd. Craig Hallum upped their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. DA Davidson upped their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Redburn Atlantic assumed coverage on shares of SPS Commerce in a research note on Tuesday, May 14th. They set a “buy” rating and a $220.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.25.

About SPS Commerce

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.