Dynamic Technology Lab Private Ltd purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,911 shares of the software maker’s stock, valued at approximately $581,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in SPS Commerce during the 1st quarter worth about $132,000. We Are One Seven LLC raised its holdings in SPS Commerce by 734.0% during the 1st quarter. We Are One Seven LLC now owns 2,060 shares of the software maker’s stock worth $132,000 after purchasing an additional 1,813 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in SPS Commerce during the 2nd quarter worth about $156,000. Amalgamated Bank bought a new stake in SPS Commerce during the 2nd quarter worth about $202,000. Finally, LPL Financial LLC bought a new stake in SPS Commerce during the 1st quarter worth about $217,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. BidaskClub raised SPS Commerce from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective for the company in a report on Friday, August 3rd. Stifel Nicolaus boosted their price objective on SPS Commerce from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $82.00 price objective on shares of SPS Commerce in a report on Friday, July 27th. Finally, Canaccord Genuity boosted their price objective on SPS Commerce from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. SPS Commerce currently has a consensus rating of “Buy” and an average target price of $86.29.

In other news, CEO Archie C. Black sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the chief executive officer now directly owns 95,852 shares in the company, valued at approximately $8,626,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO James J. Frome sold 3,280 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $90.00, for a total value of $295,200.00. Following the transaction, the chief operating officer now owns 31,892 shares of the company’s stock, valued at $2,870,280. The disclosure for this sale can be found here. Insiders have sold a total of 41,495 shares of company stock valued at $3,600,600 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

SPS Commerce stock opened at $100.31 on Friday. The stock has a market cap of $1.71 billion, a PE ratio of 238.83, a P/E/G ratio of 4.28 and a beta of 0.77. SPS Commerce, Inc. has a 1 year low of $45.02 and a 1 year high of $100.68.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 26th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.16. The company had revenue of $61.09 million during the quarter, compared to analyst estimates of $59.78 million. SPS Commerce had a return on equity of 4.25% and a net margin of 0.61%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. equities research analysts predict that SPS Commerce, Inc. will post 1.15 earnings per share for the current fiscal year.

About SPS Commerce

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.

Further Reading: Compound Annual Growth Rate (CAGR)

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

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