Emancipation Management LLC Buys Shares of 3,000 SPS Commerce, Inc. (SPSC)

Emancipation Management LLC purchased a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,000 shares of the software maker’s stock, valued at approximately $247,000. SPS Commerce makes up about 0.9% of Emancipation Management LLC’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also added to or reduced their stakes in SPSC. Wakefield Asset Management LLLP grew its stake in SPS Commerce by 40.9% in the 4th quarter. Wakefield Asset Management LLLP now owns 4,905 shares of the software maker’s stock valued at $404,000 after buying an additional 1,424 shares during the last quarter. Legal & General Group Plc grew its position in SPS Commerce by 0.8% in the 4th quarter. Legal & General Group Plc now owns 37,634 shares of the software maker’s stock worth $3,088,000 after purchasing an additional 299 shares during the last quarter. Thrivent Financial for Lutherans grew its position in SPS Commerce by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,405 shares of the software maker’s stock worth $1,022,000 after purchasing an additional 272 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in SPS Commerce in the 4th quarter worth $416,000. Finally, Gotham Asset Management LLC boosted its position in shares of SPS Commerce by 192.7% during the 4th quarter. Gotham Asset Management LLC now owns 78,495 shares of the software maker’s stock valued at $6,466,000 after acquiring an additional 51,681 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

SPSC has been the subject of several analyst reports. BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, March 1st. lifted their price target on shares of SPS Commerce from $95.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target (up from $64.00) on shares of SPS Commerce in a report on Wednesday, February 13th. Finally, Oppenheimer lifted their price target on shares of SPS Commerce from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $101.91.

In other news, Director Philip Soran sold 2,644 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $107.33, for a total value of $283,780.52. Following the completion of the transaction, the director now owns 9,732 shares in the company, valued at $1,044,535.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Archie C. Black sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $104.09, for a total transaction of $177,473.45. Following the completion of the transaction, the chief executive officer now owns 90,007 shares of the company’s stock, valued at approximately $9,368,828.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,984 shares of company stock valued at $3,752,731. Corporate insiders own 3.60% of the company’s stock.

Shares of NASDAQ SPSC opened at $105.40 on Monday. SPS Commerce, Inc. has a 1-year low of $61.48 and a 1-year high of $113.31. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 86.39, a P/E/G ratio of 4.78 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.33 by $0.20. SPS Commerce had a net margin of 9.62% and a return on equity of 8.17%. The company had revenue of $65.20 million during the quarter, compared to analysts’ expectations of $63.90 million. During the same quarter in the previous year, the company earned $0.25 EPS. SPS Commerce’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 1.47 EPS for the current year.

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SPS Commerce 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.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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