Oak Ridge Investments LLC Has $4.49 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Oak Ridge Investments LLC lowered its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,120 shares of the software maker’s stock after selling 751 shares during the quarter. Oak Ridge Investments LLC owned 0.06% of SPS Commerce worth $4,489,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPSC. Mather Group LLC. raised its holdings in SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the period. Opal Wealth Advisors LLC acquired a new position in SPS Commerce in the 2nd quarter worth $30,000. Blue Trust Inc. increased its holdings in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of SPS Commerce in the 1st quarter valued at about $60,000. Finally, DT Investment Partners LLC bought a new stake in shares of SPS Commerce in the second quarter valued at about $63,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $165.00 on Friday. SPS Commerce, Inc. has a 52-week low of $157.48 and a 52-week high of $218.74. The stock has a market cap of $6.20 billion, a PE ratio of 78.95 and a beta of 0.82. The firm has a 50-day moving average of $191.20 and a 200-day moving average of $190.60.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction on 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 owns 16,212 shares in the company, valued at $3,264,286.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPSC. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Stifel Nicolaus boosted their price objective on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $205.00 to $209.00 in a report on Monday, July 29th. DA Davidson boosted their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average target price of $223.63.

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.