1,064 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,064 shares of the software maker’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of SPS Commerce by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock worth $725,186,000 after buying an additional 33,874 shares during the last quarter. Raymond James & Associates boosted its position in shares of SPS Commerce by 5.3% during the fourth quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after purchasing an additional 5,456 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of SPS Commerce by 23.1% during the fourth quarter. Fisher Asset Management LLC now owns 82,537 shares of the software maker’s stock valued at $15,999,000 after purchasing an additional 15,514 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of SPS Commerce by 102.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 29,799 shares of the software maker’s stock valued at $5,776,000 after purchasing an additional 15,110 shares in the last quarter. Finally, Northern Trust Corp raised its stake in SPS Commerce by 1.0% during the third quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock valued at $83,780,000 after buying an additional 4,764 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Trading Up 2.0 %

Shares of NASDAQ:SPSC traded up $3.71 during mid-day trading on Tuesday, reaching $192.68. The stock had a trading volume of 199,466 shares, compared to its average volume of 181,428. The company has a market cap of $7.13 billion, a P/E ratio of 105.29 and a beta of 0.81. SPS Commerce, Inc. has a 1 year low of $149.98 and a 1 year high of $218.74. The business’s 50 day moving average price is $178.60 and its 200 day moving average price is $179.95.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. Analysts predict that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPSC. Robert W. Baird lifted their price objective on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. William Blair restated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Citigroup started coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and an average target price of $196.57.

Insider Transactions at SPS Commerce

In related news, Director Archie C. Black sold 8,723 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total value of $1,583,747.88. Following the transaction, the director now owns 71,852 shares of the company’s stock, valued at $13,045,449.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Sven Wehrwein sold 2,408 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the sale, the director now owns 15,747 shares of the company’s stock, valued at approximately $3,102,631.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Archie C. Black sold 8,723 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total value of $1,583,747.88. Following the completion of the sale, the director now directly owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,019 shares of company stock worth $5,186,345. 1.00% of the stock is currently owned by company insiders.

SPS Commerce Profile

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