Victory Capital Management Inc. has acquired its interest in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) increased 33.4% during the third quarter, Holdings Channel.com reports. The company owned 16,424 shares of the software maker, after purchasing an additional 4,115 shares during the quarter. The interests of Victory Capital Management Inc. in SPS Commerce were worth $3,189,000 at the time of the most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of SPSC. Mather Group LLC. increased its stake in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker worth $27,000, after acquiring an additional 128 shares during the period. Opal Wealth Advisors LLC bought a new stake in SPS Commerce in the second quarter worth approximately $30,000. Blue Trust Inc. increased its stake in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000, after acquiring an additional 100 shares during the period. DT Investment Partners LLC bought a new stake in SPS Commerce in the second quarter worth approximately $63,000. Finally, Signaturefd LLC increased its holdings in SPS Commerce by 26.0% during the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after acquiring an additional 69 shares during the period. 98.96% of the shares are held by institutional investors.
SPS Commerce trade increases by 1.5%
SPSC opened at $189.13 on Friday. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 90.49 and a beta of 0.84. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The stock has a 50-day moving average of $186.64 and a 200-day moving average of $191.24.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last reported its quarterly results on Thursday, October 24. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company’s revenue rose 20.7% year over year. In the same quarter last year, the company posted earnings per share of $0.53. On average, research analysts predict that SPS Commerce, Inc. will record a profit per share of 2.39 for the current financial year.
Buying and selling with insider information at SPS Commerce
In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the CEO now owns 54,446 shares in the company, valued at $9,238,941.74. The transaction resulted in an 11.16% decrease in their ownership of the shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s shares.
Analyst upgrades and downgrades
A number of research firms have commented on SPSC. Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price target for the company from $205.00 to $209.00 in a report on Monday, July 29. Robert W. Baird lifted their price target on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25. Stifel Nicolaus raised their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25. Finally, Northland Capmk downgraded SPS Commerce from a “strong buy” rating to a “hold” rating in a research report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of ‘Moderate Buy’ and an average price target of $223.63.
Get our latest report on SPS Commerce
SPS Commerce company profile
(Free report)
SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through SPS Commerce, a cloud-based platform that improves the way retailers, grocers, suppliers, distributors and logistics companies manage and fulfill omnichannel orders, optimize sell-through performance and automate new commerce relationships.
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