Lisanti Capital Growth LLC Buys 34,935 Shares of SPS Commerce, Inc. $SPSC

Lisanti Capital Growth LLC purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,935 shares of the software maker’s stock, valued at approximately $2,880,000. Lisanti Capital Growth LLC owned approximately 0.10% of SPS Commerce as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of SPS Commerce in the 2nd quarter worth about $339,259,000. State Street Corp raised its position in SPS Commerce by 3.1% during the second quarter. State Street Corp now owns 1,545,696 shares of the software maker’s stock worth $88,367,000 after acquiring an additional 45,886 shares during the last quarter. Bank of America Corp DE raised its position in SPS Commerce by 3.3% during the first quarter. Bank of America Corp DE now owns 998,622 shares of the software maker’s stock worth $55,593,000 after acquiring an additional 31,434 shares during the last quarter. Jupiter Topco LLC acquired a new position in SPS Commerce during the second quarter worth about $56,260,000. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of SPS Commerce by 22.2% in the third quarter. Van Berkom & Associates Inc. now owns 770,136 shares of the software maker’s stock valued at $63,490,000 after purchasing an additional 139,807 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Up 2.4%

Shares of SPSC stock opened at $82.85 on Thursday. The firm has a 50-day moving average price of $83.46 and a 200 day moving average price of $68.09. SPS Commerce, Inc. has a twelve month low of $49.04 and a twelve month high of $96.54. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 36.82 and a beta of 0.66.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 29th. The software maker reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $197.65 million for the quarter, compared to analysts’ expectations of $197.51 million. SPS Commerce had a net margin of 10.65% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. As a group, research analysts predict that SPS Commerce, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling at SPS Commerce

In other news, EVP Jamie Thingelstad sold 11,196 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $81.59, for a total transaction of $913,481.64. Following the sale, the executive vice president owned 95,777 shares in the company, valued at $7,814,445.43. This trade represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marty Réaume sold 4,536 shares of SPS Commerce stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $86.86, for a total value of $393,996.96. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. 0.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SPSC shares. Weiss Ratings upgraded shares of SPS Commerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. DA Davidson lifted their price objective on SPS Commerce from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Stifel Nicolaus upped their target price on SPS Commerce from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, October 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $70.00 target price (up from $60.00) on shares of SPS Commerce in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Hold” and an average target price of $79.33.

About SPS Commerce

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.