Disciplined Growth Investors Inc. MN boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,725 shares of the software maker’s stock after buying an additional 450 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 0.86% of SPS Commerce worth $9,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SPSC. Victory Capital Management Inc. raised its position in SPS Commerce by 83.4% during 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 during the period. Riverhead Capital Management LLC raised its position in SPS Commerce by 113.1% during the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the software maker’s stock valued at $136,000 after buying an additional 1,131 shares during the period. Blueport Capital L.P. raised its position in SPS Commerce by 28.3% during the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares during the period. Pinebridge Investments L.P. raised its position in SPS Commerce by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 2,265 shares of the software maker’s stock valued at $145,000 after buying an additional 24 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in SPS Commerce by 13.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock valued at $190,000 after buying an additional 379 shares during the period. 98.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SPS Commerce, Inc. (NASDAQ SPSC) traded up 1.83% on Friday, hitting $59.04. The stock had a trading volume of 99,045 shares. SPS Commerce, Inc. has a one year low of $48.11 and a one year high of $73.16. The stock has a market capitalization of $1.02 billion, a PE ratio of 111.61 and a beta of 1.13. The firm’s 50 day moving average is $58.30 and its 200-day moving average is $59.02.

SPS Commerce (NASDAQ:SPSC) last released 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 business had revenue of $54.30 million for 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 quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. Equities research analysts expect that SPS Commerce, Inc. will post $0.88 earnings per share for the current fiscal year.

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SPSC has been the topic of several recent analyst reports. Zacks Investment Research lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised SPS Commerce from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. CIBC initiated coverage on SPS Commerce in a research report on Friday, July 21st. They set an “outperform” rating and a $74.00 price target on the stock. 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. Finally, Northland Securities set a $84.00 target price on SPS Commerce and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.00.

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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