Teachers Advisors LLC reduced its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 56.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,745 shares of the software maker’s stock after selling 57,861 shares during the period. Teachers Advisors LLC’s holdings in SPS Commerce were worth $2,559,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SPSC. Bank of Montreal Can raised its stake in SPS Commerce by 0.6% in the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock valued at $212,000 after buying an additional 23 shares in the last quarter. Mason Street Advisors LLC raised its stake in SPS Commerce by 7.9% in the first quarter. Mason Street Advisors LLC now owns 4,018 shares of the software maker’s stock valued at $235,000 after buying an additional 295 shares in the last quarter. Karp Capital Management Corp purchased a new stake in SPS Commerce during the first quarter valued at about $630,000. Victory Capital Management Inc. raised its stake in SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after buying an additional 911 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in SPS Commerce by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 23,775 shares of the software maker’s stock valued at $1,391,000 after buying an additional 1,123 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) remained flat at $58.17 on Wednesday. The company’s stock had a trading volume of 67 shares. SPS Commerce, Inc. has a 1-year low of $48.11 and a 1-year high of $74.85. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 109.96 and a beta of 1.20. The company’s 50 day moving average price is $59.82 and its 200-day moving average price is $58.82.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million during the quarter, compared to the consensus estimate of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. SPS Commerce’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. On average, analysts anticipate that SPS Commerce, Inc. will post $0.88 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “SPS Commerce, Inc. (SPSC) Position Lowered by Teachers Advisors LLC” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/16/sps-commerce-inc-spsc-position-lowered-by-teachers-advisors-llc.html.

SPSC has been the topic of several research reports. Northland Securities set a $84.00 price target on SPS Commerce and gave the company a “buy” rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $74.00 price target on SPS Commerce and gave the company a “buy” rating in a research report on Friday, July 28th. BidaskClub lowered SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised SPS Commerce from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Friday, May 5th. Finally, Needham & Company LLC dropped their price target on SPS Commerce from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. SPS Commerce has a consensus rating of “Buy” and a consensus price target of $75.50.

SPS Commerce Company Profile

SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.

Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSC).

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

Receive News & Stock Ratings for SPS Commerce Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce Inc. and related stocks with our FREE daily email newsletter.