American Capital Management Inc. Trims Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

American Capital Management Inc. lessened its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,407 shares of the software maker’s stock after selling 6,931 shares during the period. American Capital Management Inc.’s holdings in SPS Commerce were worth $32,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPSC. Edgestream Partners L.P. lifted its stake in shares of SPS Commerce by 17.5% during the 3rd quarter. Edgestream Partners L.P. now owns 41,757 shares of the software maker’s stock worth $8,108,000 after acquiring an additional 6,204 shares during the last quarter. Martingale Asset Management L P increased its stake in SPS Commerce by 0.8% in the third quarter. Martingale Asset Management L P now owns 12,709 shares of the software maker’s stock worth $2,468,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of SPS Commerce by 7.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,631 shares of the software maker’s stock worth $1,676,000 after purchasing an additional 614 shares during the last quarter. FORA Capital LLC lifted its position in shares of SPS Commerce by 27.4% during the third quarter. FORA Capital LLC now owns 4,707 shares of the software maker’s stock worth $914,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of SPS Commerce by 225.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 23,100 shares of the software maker’s stock valued at $4,485,000 after purchasing an additional 16,000 shares during the period. Institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 price target on the stock. Stifel Nicolaus raised their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird increased their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $220.78.

SPS Commerce Trading Up 0.3 %

Shares of NASDAQ SPSC opened at $193.07 on Friday. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The stock’s fifty day simple moving average is $186.56 and its two-hundred day simple moving average is $191.25. The stock has a market capitalization of $7.25 billion, a PE ratio of 92.38 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. SPS Commerce’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts predict that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

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.