Prentiss Smith & Co. Inc. Has $2.14 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Prentiss Smith & Co. Inc. grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 99.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 45,454 shares of the software maker’s stock after buying an additional 22,719 shares during the period. SPS Commerce accounts for approximately 1.4% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 23rd largest holding. Prentiss Smith & Co. Inc. owned approximately 0.13% of SPS Commerce worth $2,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Advisors LLC boosted its position in shares of SPS Commerce by 3.1% in the 2nd quarter. Boston Advisors LLC now owns 28,385 shares of the software maker’s stock worth $2,901,000 after purchasing an additional 847 shares during the last quarter. Foundry Partners LLC bought a new position in shares of SPS Commerce in the 2nd quarter worth $1,507,000. State of Tennessee Treasury Department boosted its position in shares of SPS Commerce by 144.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 37,646 shares of the software maker’s stock worth $1,772,000 after purchasing an additional 22,270 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of SPS Commerce by 724.8% in the 2nd quarter. SG Americas Securities LLC now owns 109,682 shares of the software maker’s stock worth $11,211,000 after purchasing an additional 96,384 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of SPS Commerce by 99.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,310,333 shares of the software maker’s stock worth $61,677,000 after purchasing an additional 652,097 shares during the last quarter. 56.13% of the stock is owned by institutional investors.

SPSC stock traded up $0.23 during midday trading on Tuesday, hitting $54.69. 227,005 shares of the company’s stock were exchanged, compared to its average volume of 278,013. The stock’s fifty day moving average price is $49.45 and its 200-day moving average price is $82.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.52 and a current ratio of 4.52. The company has a market cap of $1.87 billion, a PE ratio of 89.69, a price-to-earnings-growth ratio of 3.88 and a beta of 0.63. SPS Commerce, Inc. has a one year low of $37.92 and a one year high of $59.14.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm had revenue of $70.90 million for the quarter, compared to analyst estimates of $70.09 million. SPS Commerce had a return on equity of 9.80% and a net margin of 11.67%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. On average, analysts expect that SPS Commerce, Inc. will post 0.92 EPS for the current year.

Several research analysts have recently issued reports on the company. First Analysis upgraded SPS Commerce from an “outperform” rating to a “strong-buy” rating in a research report on Friday, October 25th. BidaskClub upgraded SPS Commerce from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Oppenheimer set a $61.00 price target on SPS Commerce and gave the stock a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $60.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Finally, ValuEngine lowered 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 assigned a buy rating and one has given a strong buy rating to the stock. SPS Commerce has a consensus rating of “Buy” and a consensus price target of $58.72.

SPS Commerce Company Profile

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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