LS Investment Advisors LLC Increases Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

LS Investment Advisors LLC increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 100.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,208 shares of the software maker’s stock after buying an additional 2,104 shares during the period. LS Investment Advisors LLC’s holdings in SPS Commerce were worth $198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPSC. BlackRock Inc. raised its position in SPS Commerce by 4.0% during the second quarter. BlackRock Inc. now owns 2,818,530 shares of the software maker’s stock worth $288,083,000 after acquiring an additional 107,560 shares during the period. Conestoga Capital Advisors LLC raised its position in SPS Commerce by 99.1% during the third quarter. Conestoga Capital Advisors LLC now owns 1,310,333 shares of the software maker’s stock worth $61,677,000 after acquiring an additional 652,097 shares during the period. Vanguard Group Inc. raised its position in SPS Commerce by 3.5% during the second quarter. Vanguard Group Inc. now owns 1,264,958 shares of the software maker’s stock worth $129,292,000 after acquiring an additional 42,752 shares during the period. Riverbridge Partners LLC raised its position in SPS Commerce by 98.1% during the third quarter. Riverbridge Partners LLC now owns 954,044 shares of the software maker’s stock worth $44,907,000 after acquiring an additional 472,516 shares during the period. Finally, Portsea Asset Management LLP raised its position in SPS Commerce by 5.7% during the second quarter. Portsea Asset Management LLP now owns 433,832 shares of the software maker’s stock worth $44,342,000 after acquiring an additional 23,351 shares during the period. 54.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SPSC opened at $53.81 on Friday. The firm has a 50-day simple moving average of $49.23 and a 200-day simple moving average of $83.29. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 0.05. SPS Commerce, Inc. has a 52 week low of $37.92 and a 52 week high of $59.14. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 88.21, a price-to-earnings-growth ratio of 3.85 and a beta of 0.63.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. SPS Commerce had a net margin of 11.67% and a return on equity of 9.80%. The business had revenue of $70.90 million during the quarter, compared to analyst estimates of $70.09 million. During the same quarter last year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts expect that SPS Commerce, Inc. will post 0.92 EPS for the current year.

SPSC has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, September 26th. BidaskClub upgraded shares of SPS Commerce from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. First Analysis upgraded shares of SPS Commerce from an “outperform” rating to a “strong-buy” rating in a research report on Friday, October 25th. Finally, ValuEngine cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $58.72.

About SPS Commerce

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

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

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