Rhumbline Advisers Acquires 176 Shares of SPS Commerce, Inc. (SPSC)
Rhumbline Advisers increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,387 shares of the software maker’s stock after purchasing an additional 176 shares during the period. Rhumbline Advisers owned approximately 0.19% of SPS Commerce worth $2,129,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in SPS Commerce by 139,789.2% in the first quarter. BlackRock Inc. now owns 2,007,410 shares of the software maker’s stock worth $117,414,000 after purchasing an additional 2,005,975 shares in the last quarter. Vanguard Group Inc. raised its position in SPS Commerce by 6.0% in the first quarter. Vanguard Group Inc. now owns 899,374 shares of the software maker’s stock worth $52,604,000 after purchasing an additional 51,243 shares in the last quarter. FMR LLC raised its position in SPS Commerce by 33.6% in the first quarter. FMR LLC now owns 850,300 shares of the software maker’s stock worth $49,734,000 after purchasing an additional 214,000 shares in the last quarter. Columbia Wanger Asset Management LLC raised its position in SPS Commerce by 10.8% in the first quarter. Columbia Wanger Asset Management LLC now owns 722,485 shares of the software maker’s stock worth $42,258,000 after purchasing an additional 70,356 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in SPS Commerce in the first quarter worth about $23,331,000. 98.27% of the stock is owned by hedge funds and other institutional investors.
Shares of SPS Commerce, Inc. (NASDAQ SPSC) opened at 58.75 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 111.06 and a beta of 1.17. SPS Commerce, Inc. has a 52 week low of $48.11 and a 52 week high of $74.85. The firm’s 50-day moving average is $58.93 and its 200 day moving average is $58.74.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $53.74 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, analysts anticipate that SPS Commerce, Inc. will post $0.88 earnings per share for the current fiscal year.
Several research firms recently issued reports on SPSC. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of SPS Commerce in a research report on Tuesday, August 8th. BidaskClub lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. KeyCorp reissued a “hold” rating on shares of SPS Commerce in a research report on Friday, August 25th. ValuEngine lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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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