Van Berkom & Associates Inc. Purchases 139,807 Shares of SPS Commerce, Inc. $SPSC

Van Berkom & Associates Inc. boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 22.2% in the third quarter, HoldingsChannel reports. The fund owned 770,136 shares of the software maker’s stock after purchasing an additional 139,807 shares during the quarter. SPS Commerce makes up 2.3% of Van Berkom & Associates Inc.’s portfolio, making the stock its 21st largest position. Van Berkom & Associates Inc.’s holdings in SPS Commerce were worth $63,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fulcrum Asset Management LLP grew its holdings in SPS Commerce by 4,896.3% in the third quarter. Fulcrum Asset Management LLP now owns 5,446 shares of the software maker’s stock worth $447,000 after purchasing an additional 5,337 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of SPS Commerce by 5.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,418 shares of the software maker’s stock worth $456,000 after purchasing an additional 301 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of SPS Commerce by 100.0% during the 3rd quarter. Parallel Advisors LLC now owns 566 shares of the software maker’s stock valued at $47,000 after purchasing an additional 283 shares during the last quarter. Inscription Capital LLC purchased a new stake in shares of SPS Commerce during the 3rd quarter valued at $276,000. Finally, Greenleaf Trust acquired a new stake in shares of SPS Commerce in the 3rd quarter worth $237,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SPSC shares. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. DA Davidson boosted their price target on SPS Commerce from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective (up from $75.00) on shares of SPS Commerce in a report on Wednesday, August 19th. Stifel Nicolaus upped their price objective on shares of SPS Commerce from $70.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, October 14th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $74.00 price objective on shares of SPS Commerce in a research report on Monday, October 26th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $79.33.

Insider Buying and Selling at SPS Commerce

In other news, Director Marty Réaume sold 4,536 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $86.86, for a total value of $393,996.96. Following the transaction, the director directly owned 12,894 shares of the company’s stock, valued at approximately $1,119,972.84. This represents a 26.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.58% of the company’s stock.

SPS Commerce Trading Down 1.1%

NASDAQ:SPSC opened at $81.04 on Tuesday. The company has a market capitalization of $2.87 billion, a P/E ratio of 36.02 and a beta of 0.66. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $96.54. The firm has a fifty day simple moving average of $83.55 and a 200-day simple moving average of $68.19.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. SPS Commerce had a return on equity of 13.72% and a net margin of 10.65%. The firm had revenue of $197.65 million for the quarter, compared to the consensus estimate of $197.51 million. During the same period in the prior year, the firm earned $1.13 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. Equities analysts forecast that SPS Commerce, Inc. will post 3.67 EPS for the current year.

SPS Commerce Profile

SPS Commerce provides cloud-based supply chain management software and services, with a focus on helping retailers, suppliers, distributors and logistics providers exchange business information and coordinate transactions. Its platform connects trading partners and supports electronic data interchange (EDI), order processing and fulfillment workflows.

The company also offers tools for supply chain analytics and product information management, along with implementation and ongoing support services.