Russell Investments Group Ltd. bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,200 shares of the software maker’s stock, valued at approximately $309,000.
A number of other large investors have also recently added to or reduced their stakes in SPSC. We Are One Seven LLC increased its position in SPS Commerce by 734.0% during the 1st quarter. We Are One Seven LLC now owns 2,060 shares of the software maker’s stock valued at $132,000 after purchasing an additional 1,813 shares during the period. SG Americas Securities LLC acquired a new stake in SPS Commerce during the 1st quarter valued at approximately $132,000. Amalgamated Bank acquired a new stake in SPS Commerce during the 2nd quarter valued at approximately $202,000. LPL Financial LLC acquired a new stake in SPS Commerce during the 1st quarter valued at approximately $217,000. Finally, Sei Investments Co. increased its position in SPS Commerce by 34,922.2% during the 2nd quarter. Sei Investments Co. now owns 3,152 shares of the software maker’s stock valued at $231,000 after purchasing an additional 3,143 shares during the period. 95.10% of the stock is owned by institutional investors and hedge funds.
In other SPS Commerce news, Director Martin J. Leestma sold 5,316 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $99.35, for a total transaction of $528,144.60. Following the transaction, the director now directly owns 20,935 shares in the company, valued at approximately $2,079,892.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kimberly K. Nelson sold 18,215 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $85.21, for a total value of $1,552,100.15. Following the transaction, the chief financial officer now owns 70,957 shares in the company, valued at $6,046,245.97. The disclosure for this sale can be found here. Insiders have sold a total of 46,811 shares of company stock worth $4,128,745 over the last 90 days. Company insiders own 3.60% of the company’s stock.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 26th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The firm had revenue of $61.09 million for the quarter, compared to analysts’ expectations of $59.78 million. SPS Commerce had a return on equity of 4.25% and a net margin of 0.61%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 1.15 earnings per share for the current fiscal year.
A number of research firms have weighed in on SPSC. First Analysis set a $86.00 target price on shares of SPS Commerce and gave the company a “neutral” rating in a research report on Thursday, October 4th. BidaskClub downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $101.00 target price for the company in a research report on Friday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $82.00 price target on shares of SPS Commerce in a report on Friday, July 27th. Finally, Stifel Nicolaus increased their price target on SPS Commerce from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $86.25.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
Further Reading: Fundamental Analysis and Individual Investors
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