Rothschild & Co. Asset Management US Inc. Decreases Position in SPS Commerce, Inc. (NASDAQ:SPSC)

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Rothschild & Co. Asset Management US Inc. decreased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,588 shares of the software maker’s stock after selling 104,150 shares during the period. Rothschild & Co. Asset Management US Inc. owned approximately 1.05% of SPS Commerce worth $28,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SPSC. Bellevue Asset Management LLC acquired a new stake in SPS Commerce during the second quarter valued at approximately $30,000. First Horizon Advisors Inc. raised its stake in SPS Commerce by 31.1% during the second quarter. First Horizon Advisors Inc. now owns 806 shares of the software maker’s stock valued at $60,000 after buying an additional 191 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in SPS Commerce by 257.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,250 shares of the software maker’s stock valued at $97,000 after buying an additional 900 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in SPS Commerce during the third quarter valued at approximately $110,000. Finally, Mutual of America Capital Management LLC raised its stake in SPS Commerce by 12.6% during the second quarter. Mutual of America Capital Management LLC now owns 1,699 shares of the software maker’s stock valued at $128,000 after buying an additional 190 shares in the last quarter. 98.67% of the stock is owned by institutional investors.

NASDAQ SPSC traded down $0.41 on Tuesday, reaching $91.21. 505 shares of the stock traded hands, compared to its average volume of 258,889. The firm’s fifty day simple moving average is $86.04 and its 200 day simple moving average is $75.16. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 85.63, a P/E/G ratio of 5.56 and a beta of 0.83. SPS Commerce, Inc. has a 12 month low of $31.28 and a 12 month high of $94.64.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Wednesday, October 28th. The software maker reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.15. SPS Commerce had a return on equity of 11.54% and a net margin of 13.23%. Research analysts predict that SPS Commerce, Inc. will post 1.04 earnings per share for the current fiscal year.

In other news, Director Martin J. Leestma sold 20,806 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $88.90, for a total value of $1,849,653.40. Following the completion of the sale, the director now owns 32,824 shares of the company’s stock, valued at $2,918,053.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Archie C. Black sold 58,850 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $91.35, for a total value of $5,375,947.50. Following the completion of the sale, the chief executive officer now directly owns 81,909 shares of the company’s stock, valued at approximately $7,482,387.15. The disclosure for this sale can be found here. Company insiders own 7.20% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Needham & Company LLC increased their price target on SPS Commerce from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. BidaskClub upgraded SPS Commerce from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 9th. Oppenheimer initiated coverage on SPS Commerce in a research report on Friday, July 31st. They set a “hold” rating on the stock. Finally, Craig Hallum increased their price target on SPS Commerce from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.63.

SPS Commerce Company Profile

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

Further Reading: What is Liquidity?

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

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