Cavalier Investments LLC Raises Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Cavalier Investments LLC lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 6.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,673 shares of the software maker’s stock after buying an additional 621 shares during the quarter. Cavalier Investments LLC’s holdings in SPS Commerce were worth $2,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Mather Group LLC. grew its stake in SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in SPS Commerce in the 2nd quarter valued at $30,000. Blue Trust Inc. boosted its holdings in SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Fidelis Capital Partners LLC bought a new position in SPS Commerce in the 1st quarter valued at $60,000. Finally, DT Investment Partners LLC bought a new stake in shares of SPS Commerce during the 2nd quarter worth $63,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday. DA Davidson boosted their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Craig Hallum boosted their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Northland Capmk cut shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Five investment 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.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $223.38.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

Shares of SPSC opened at $170.49 on Monday. The stock has a market cap of $6.41 billion, a PE ratio of 81.57 and a beta of 0.82. SPS Commerce, Inc. has a fifty-two week low of $151.96 and a fifty-two week high of $218.74. The firm’s 50-day simple moving average is $192.69 and its two-hundred day simple moving average is $190.73.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The business had revenue of $163.69 million for the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts predict that SPS Commerce, Inc. will post 2.32 EPS 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.