Summit Creek Advisors LLC Grows Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Summit Creek Advisors LLC grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 0.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 162,093 shares of the software maker’s stock after purchasing an additional 512 shares during the period. SPS Commerce makes up approximately 2.4% of Summit Creek Advisors LLC’s holdings, making the stock its 20th largest position. Summit Creek Advisors LLC owned approximately 0.45% of SPS Commerce worth $21,267,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $217,000. Commonwealth Equity Services LLC increased its position in shares of SPS Commerce by 9.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,337 shares of the software maker’s stock valued at $902,000 after acquiring an additional 568 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of SPS Commerce by 7.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,477 shares of the software maker’s stock valued at $1,350,000 after acquiring an additional 633 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $345,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SPS Commerce by 69.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,097 shares of the software maker’s stock valued at $1,153,000 after acquiring an additional 3,331 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Performance

SPSC opened at $131.23 on Friday. SPS Commerce, Inc. has a fifty-two week low of $96.41 and a fifty-two week high of $174.42. The firm’s fifty day moving average is $111.64 and its 200 day moving average is $118.10. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 102.52 and a beta of 0.77.

SPS Commerce (NASDAQ:SPSCGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The software maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $109.18 million for the quarter, compared to analysts’ expectations of $108.95 million. SPS Commerce had a net margin of 11.46% and a return on equity of 10.61%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, equities research analysts predict that SPS Commerce, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

SPSC has been the subject of a number of research analyst reports. Needham & Company LLC cut their target price on shares of SPS Commerce from $200.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. Craig Hallum cut their target price on shares of SPS Commerce from $210.00 to $160.00 in a research report on Thursday, July 28th. Finally, StockNews.com raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.50.

About SPS Commerce

(Get Rating)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

See Also

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

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