2,399 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,399 shares of the software maker’s stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPSC. Mather Group LLC. increased its stake in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in SPS Commerce in the second quarter worth $30,000. Blue Trust Inc. raised its stake in shares of SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of SPS Commerce during the 1st quarter valued at $60,000. Finally, DT Investment Partners LLC purchased a new stake in SPS Commerce in the 2nd quarter worth about $63,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of research reports. DA Davidson increased their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Craig Hallum raised their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $205.00 to $209.00 in a report on Monday, July 29th. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Robert W. Baird boosted their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce presently has an average rating of “Moderate Buy” and an average price target of $223.63.

SPS Commerce Stock Up 0.9 %

Shares of NASDAQ SPSC traded up $1.47 during mid-day trading on Friday, reaching $166.47. 263,828 shares of the company were exchanged, compared to its average volume of 220,695. The stock has a market capitalization of $6.25 billion, a PE ratio of 79.65 and a beta of 0.84. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The company’s 50 day moving average price is $189.97 and its 200 day moving average price is $190.62.

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, beating analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million for the quarter, compared to analysts’ expectations of $160.30 million. During the same period last year, the firm posted $0.53 EPS. SPS Commerce’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, sell-side analysts predict that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Insider Buying and Selling at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the firm’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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

About SPS Commerce

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.