SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by AMI Asset Management Corp

AMI Asset Management Corp lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 19.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,641 shares of the software maker’s stock after buying an additional 3,067 shares during the period. AMI Asset Management Corp owned approximately 0.05% of SPS Commerce worth $3,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of SPS Commerce by 0.8% during the third 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 period. Dimensional Fund Advisors LP lifted its position in SPS Commerce by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 492,802 shares of the software maker’s stock valued at $95,527,000 after purchasing an additional 7,179 shares during the period. Charles Schwab Investment Management Inc. lifted its position in SPS Commerce by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,703 shares of the software maker’s stock valued at $83,681,000 after purchasing an additional 12,091 shares during the period. Axiom Investors LLC DE lifted its position in SPS Commerce by 183.0% during the fourth quarter. Axiom Investors LLC DE now owns 130,556 shares of the software maker’s stock valued at $25,307,000 after purchasing an additional 84,420 shares during the period. Finally, Raymond James & Associates lifted its position in 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 during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPSC shares. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Citigroup lifted their price objective on shares of SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a report on Friday, May 10th. StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Robert W. Baird lifted their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.25.

Insider Transactions at SPS Commerce

In related news, Director James Burr Ramsey sold 6,567 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the transaction, the director now directly owns 14,728 shares in the company, valued at $2,855,759.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC stock traded down $2.31 on Thursday, reaching $190.37. 94,135 shares of the company were exchanged, compared to its average volume of 183,387. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 104.03 and a beta of 0.85. The business has a 50-day moving average price of $187.79 and a 200 day moving average price of $184.74. SPS Commerce, Inc. has a 1 year low of $151.96 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The business had revenue of $149.58 million during the quarter, compared to analysts’ expectations of $146.50 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current year.

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.