SPS Commerce, Inc. (SPSC) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 38.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,661 shares of the software maker’s stock after buying an additional 2,122 shares during the period. Cubist Systematic Strategies LLC’s holdings in SPS Commerce were worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Rhumbline Advisers increased its holdings in SPS Commerce by 1.8% in the first quarter. Rhumbline Advisers now owns 39,540 shares of the software maker’s stock valued at $2,533,000 after buying an additional 711 shares in the last quarter. US Bancorp DE increased its holdings in SPS Commerce by 9.8% in the first quarter. US Bancorp DE now owns 8,863 shares of the software maker’s stock valued at $568,000 after buying an additional 794 shares in the last quarter. Perkins Capital Management Inc. increased its holdings in SPS Commerce by 4.3% in the second quarter. Perkins Capital Management Inc. now owns 20,850 shares of the software maker’s stock valued at $1,532,000 after buying an additional 850 shares in the last quarter. SG Americas Securities LLC increased its holdings in SPS Commerce by 46.7% in the second quarter. SG Americas Securities LLC now owns 3,022 shares of the software maker’s stock valued at $222,000 after buying an additional 962 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its holdings in SPS Commerce by 8.9% in the first quarter. Baker Avenue Asset Management LP now owns 12,397 shares of the software maker’s stock valued at $794,000 after buying an additional 1,016 shares in the last quarter. 95.10% of the stock is owned by institutional investors.

SPSC has been the subject of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $88.00 target price (up from $77.00) on shares of SPS Commerce in a report on Tuesday, July 24th. Canaccord Genuity raised their price objective on shares of SPS Commerce from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Stifel Nicolaus raised their price objective on shares of SPS Commerce from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Benchmark raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Finally, BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $86.29.

Shares of SPSC opened at $95.20 on Thursday. SPS Commerce, Inc. has a 1-year low of $45.02 and a 1-year high of $100.68. The company has a market cap of $1.67 billion, a PE ratio of 226.67, a price-to-earnings-growth ratio of 4.18 and a beta of 0.77.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 26th. The software maker reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.16. SPS Commerce had a net margin of 0.61% and a return on equity of 4.25%. The business had revenue of $61.09 million during the quarter, compared to analysts’ expectations of $59.78 million. During the same period last year, the company posted $0.23 EPS. The company’s revenue was up 12.9% on a year-over-year basis. research analysts predict that SPS Commerce, Inc. will post 1.15 earnings per share for the current year.

In other news, CEO Archie C. Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $85.33, for a total transaction of $853,300.00. Following the completion of the transaction, the chief executive officer now directly owns 89,352 shares of the company’s stock, valued at approximately $7,624,406.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 18,215 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $85.21, for a total transaction of $1,552,100.15. Following the transaction, the chief financial officer now directly owns 70,957 shares of the company’s stock, valued at $6,046,245.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,811 shares of company stock valued at $4,128,745. Corporate insiders own 3.60% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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