Great Lakes Advisors LLC Raises Holdings in SPS Commerce, Inc. (SPSC)

Great Lakes Advisors LLC grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,914 shares of the software maker’s stock after purchasing an additional 1,476 shares during the quarter. Great Lakes Advisors LLC owned about 0.29% of SPS Commerce worth $5,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Oppenheimer Asset Management Inc. raised its holdings in SPS Commerce by 10.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,563 shares of the software maker’s stock worth $850,000 after purchasing an additional 827 shares in the last quarter. Perkins Capital Management Inc. raised its holdings in SPS Commerce by 4.3% in the 2nd quarter. Perkins Capital Management Inc. now owns 20,850 shares of the software maker’s stock worth $1,532,000 after purchasing an additional 850 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in SPS Commerce by 31.2% in the 3rd quarter. Riverhead Capital Management LLC now owns 3,785 shares of the software maker’s stock worth $376,000 after purchasing an additional 900 shares in the last quarter. SG Americas Securities LLC raised its holdings in SPS Commerce by 46.7% in the 2nd quarter. SG Americas Securities LLC now owns 3,022 shares of the software maker’s stock worth $222,000 after purchasing an additional 962 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in SPS Commerce in the 3rd quarter worth $114,000. Institutional investors and hedge funds own 93.55% of the company’s stock.

In related news, Director Martin J. Leestma sold 8,316 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $95.74, for a total transaction of $796,173.84. Following the sale, the director now directly owns 12,619 shares of the company’s stock, valued at approximately $1,208,143.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Archie C. Black sold 1,997 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $95.08, for a total transaction of $189,874.76. Following the sale, the chief executive officer now directly owns 92,321 shares in the company, valued at $8,777,880.68. The disclosure for this sale can be found here. Insiders have sold a total of 47,561 shares of company stock worth $4,581,581 over the last three months. 3.60% of the stock is currently owned by insiders.

Several brokerages have commented on SPSC. Canaccord Genuity upped their price objective on shares of SPS Commerce from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 26th. ValuEngine lowered shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a report on Friday, October 12th. BidaskClub downgraded shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 25th. TheStreet raised shares of SPS Commerce from a “c+” rating to a “b-” rating in a research report on Friday, October 26th. Finally, First Analysis set a $86.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. SPS Commerce presently has an average rating of “Buy” and a consensus price target of $90.56.

NASDAQ:SPSC opened at $85.23 on Monday. The stock has a market capitalization of $1.51 billion, a PE ratio of 202.93, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79. SPS Commerce, Inc. has a 1-year low of $47.52 and a 1-year high of $100.68.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 25th. The software maker reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. SPS Commerce had a net margin of 3.16% and a return on equity of 5.55%. The firm had revenue of $62.87 million for the quarter, compared to the consensus estimate of $61.61 million. As a group, research analysts anticipate that SPS Commerce, Inc. will post 1.3 earnings per share for the current fiscal year.

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SPS Commerce Company Profile

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.

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

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