Flinton Capital Management LLC reduced its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 21.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,764 shares of the software maker’s stock after selling 7,888 shares during the period. Flinton Capital Management LLC owned about 0.17% of SPS Commerce worth $1,834,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Pinebridge Investments L.P. lifted its stake in SPS Commerce by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock valued at $145,000 after purchasing an additional 24 shares during the last quarter. Bank of Montreal Can lifted its stake in SPS Commerce by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 3,668 shares of the software maker’s stock valued at $233,000 after purchasing an additional 41 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in SPS Commerce by 1.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,890 shares of the software maker’s stock valued at $228,000 after purchasing an additional 70 shares during the last quarter. Zacks Investment Management lifted its stake in SPS Commerce by 0.4% in the 2nd quarter. Zacks Investment Management now owns 20,204 shares of the software maker’s stock valued at $1,288,000 after purchasing an additional 75 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in SPS Commerce by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,042 shares of the software maker’s stock valued at $294,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

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SPSC has been the subject of several recent analyst reports. Northland Securities set a $84.00 target price on shares of SPS Commerce and gave the company a “buy” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $74.00 target price on shares of SPS Commerce and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price on shares of SPS Commerce in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. SPS Commerce currently has a consensus rating of “Hold” and a consensus target price of $73.00.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) traded up 0.38% during midday trading on Friday, reaching $58.00. 1,247 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $58.56 and a 200 day moving average price of $58.94. SPS Commerce, Inc. has a 12 month low of $48.11 and a 12 month high of $73.16. The firm has a market cap of $998.82 million, a PE ratio of 109.64 and a beta of 1.13.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.74 million. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. Equities research analysts predict that SPS Commerce, Inc. will post $0.88 earnings per share for the current year.

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.

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

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