Tiverton Asset Management LLC trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 25.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,367 shares of the software maker’s stock after selling 17,633 shares during the period. Tiverton Asset Management LLC owned approximately 0.30% of SPS Commerce worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of SPS Commerce by 139,789.2% during the 1st quarter. BlackRock Inc. now owns 2,007,410 shares of the software maker’s stock worth $117,414,000 after acquiring an additional 2,005,975 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SPS Commerce by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 899,374 shares of the software maker’s stock worth $52,604,000 after acquiring an additional 51,243 shares in the last quarter. FMR LLC raised its holdings in shares of SPS Commerce by 33.6% during the 1st quarter. FMR LLC now owns 850,300 shares of the software maker’s stock worth $49,734,000 after acquiring an additional 214,000 shares in the last quarter. Columbia Wanger Asset Management LLC raised its holdings in shares of SPS Commerce by 10.8% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 722,485 shares of the software maker’s stock worth $42,258,000 after acquiring an additional 70,356 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of SPS Commerce during the 1st quarter worth approximately $23,331,000. 98.27% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on SPSC. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. KeyCorp reaffirmed a “hold” rating on shares of SPS Commerce in a report on Friday, August 25th. BidaskClub cut SPS Commerce from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $74.00 price objective on SPS Commerce and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Northland Securities set a $84.00 price objective on SPS Commerce and gave the stock a “buy” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. SPS Commerce has a consensus rating of “Hold” and an average target price of $75.50.

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SPS Commerce, Inc. (NASDAQ SPSC) traded up 0.26% during mid-day trading on Friday, reaching $58.90. The company had a trading volume of 143,617 shares. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 111.34 and a beta of 1.17. SPS Commerce, Inc. has a 52 week low of $48.11 and a 52 week high of $74.85. The stock has a 50 day moving average of $58.98 and a 200 day moving average of $58.75.

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

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.

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

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