Geneva Advisors LLC decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 30.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,346 shares of the software maker’s stock after selling 11,185 shares during the period. Geneva Advisors LLC owned 0.15% of SPS Commerce worth $1,616,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position 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 worth $212,000 after buying an additional 23 shares during the last quarter. State of Alaska Department of Revenue raised its position in SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after buying an additional 60 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in SPS Commerce by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,890 shares of the software maker’s stock worth $228,000 after buying an additional 70 shares during the last quarter. PNC Financial Services Group Inc. raised its position in SPS Commerce by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,042 shares of the software maker’s stock worth $294,000 after buying an additional 81 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in SPS Commerce by 0.9% in the second quarter. Texas Permanent School Fund now owns 12,553 shares of the software maker’s stock worth $800,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) opened at 59.32 on Friday. The stock’s 50 day moving average price is $59.00 and its 200-day moving average price is $58.44. SPS Commerce, Inc. has a 52-week low of $48.11 and a 52-week high of $74.85. The firm has a market capitalization of $1.02 billion, a PE ratio of 112.14 and a beta of 1.20.

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

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A number of research firms have weighed in on SPSC. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. KeyCorp reiterated a “hold” rating on shares of SPS Commerce in a research note on Friday. BidaskClub lowered SPS Commerce from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. set a $74.00 price objective on SPS Commerce and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Northland Securities set a $84.00 price objective on SPS Commerce and gave the company a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $75.50.

About SPS Commerce

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.

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

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