Great West Life Assurance Co. Can raised its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,775 shares of the software maker’s stock after buying an additional 1,000 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of SPS Commerce worth $1,578,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SPSC. Bank of Montreal Can boosted 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 valued at $212,000 after buying an additional 23 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in SPS Commerce by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the software maker’s stock valued at $409,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue boosted 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 valued at $111,000 after buying an additional 60 shares during the last quarter. Geneva Advisors LLC boosted its position in SPS Commerce by 13.9% in the first quarter. Geneva Advisors LLC now owns 36,531 shares of the software maker’s stock valued at $2,137,000 after buying an additional 4,468 shares during the last quarter. Finally, US Bancorp DE boosted its position in SPS Commerce by 6.0% in the first quarter. US Bancorp DE now owns 15,221 shares of the software maker’s stock valued at $890,000 after buying an additional 868 shares during the last quarter. 98.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of SPS Commerce, Inc. (NASDAQ SPSC) opened at 61.14 on Thursday. The firm’s 50-day moving average is $59.00 and its 200 day moving average is $58.44. SPS Commerce, Inc. has a 52-week low of $48.11 and a 52-week high of $74.85. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 115.58 and a beta of 1.20.

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

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SPSC has been the topic of several research analyst reports. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, August 2nd. Northland Securities set a $84.00 price target on shares of SPS Commerce and gave the stock a “buy” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $74.00 price target on shares of SPS Commerce and gave the stock a “buy” rating in a report on Friday, July 28th. BidaskClub lowered shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price on shares of SPS Commerce in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target 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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