Capstone Asset Management Co. cut its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 4,843 shares of the software maker’s stock after selling 220 shares during the period. Capstone Asset Management Co.’s holdings in SPS Commerce were worth $309,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the company. Blueport Capital L.P. boosted its stake in shares of SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of SPS Commerce during the first quarter valued at $23,331,000. State Street Corp boosted its stake in shares of SPS Commerce by 6.4% in the first quarter. State Street Corp now owns 392,411 shares of the software maker’s stock valued at $22,948,000 after buying an additional 23,538 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of SPS Commerce by 11.9% in the first quarter. Bank of America Corp DE now owns 72,232 shares of the software maker’s stock valued at $4,224,000 after buying an additional 7,678 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of SPS Commerce during the first quarter valued at $367,000. 97.65% of the stock is currently owned by institutional investors.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) traded up 0.83% on Friday, hitting $57.37. The stock had a trading volume of 46,491 shares. The company’s 50 day moving average price is $60.12 and its 200-day moving average price is $59.17. SPS Commerce, Inc. has a 12 month low of $48.11 and a 12 month high of $74.85. The company has a market cap of $987.97 million, a P/E ratio of 108.45 and a beta of 1.20.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly 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 the consensus estimate of $53.74 million. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. On average, analysts expect that SPS Commerce, Inc. will post $0.88 earnings per share for the current year.

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Several equities research analysts recently weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of SPS Commerce in a research note on Tuesday, August 8th. BidaskClub cut SPS Commerce from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, August 2nd. Northland Securities set a $84.00 price target on SPS Commerce and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 price target on shares of SPS Commerce in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $75.50.

About SPS Commerce

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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