Metropolitan Life Insurance Co. NY continued to hold its stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,933 shares of the software maker’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.06% of SPS Commerce worth $639,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Simplex Trading LLC bought a new stake in SPS Commerce during the first quarter valued at about $110,000. State of Alaska Department of Revenue increased its position in shares of SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after buying an additional 60 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock worth $117,000 after buying an additional 911 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock worth $190,000 after buying an additional 379 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

SPS Commerce, Inc. (SPSC) traded up 0.28% during trading on Monday, reaching $58.08. The company had a trading volume of 6,567 shares. The company has a market capitalization of $1.00 billion, a PE ratio of 109.79 and a beta of 1.20. SPS Commerce, Inc. has a 52-week low of $48.11 and a 52-week high of $74.85. The company has a 50 day moving average price of $60.97 and a 200 day moving average price of $59.67.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The business had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. During the same quarter last year, the firm earned $0.15 EPS. SPS Commerce’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities analysts forecast that SPS Commerce, Inc. will post $0.88 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on SPSC. BidaskClub upgraded SPS Commerce from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Benchmark Co. downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Oppenheimer Holdings, Inc. began coverage on SPS Commerce in a report on Thursday, July 20th. They issued an “outperform” rating and a $74.00 target price on the stock. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price on shares of SPS Commerce in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $75.50.

SPS Commerce Company Profile

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.

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

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