Stifel Financial Corp grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 60.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 231,004 shares of the software maker’s stock after purchasing an additional 86,598 shares during the quarter. Stifel Financial Corp’s holdings in SPS Commerce were worth $19,012,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in SPS Commerce by 69.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 184,054 shares of the software maker’s stock worth $15,162,000 after acquiring an additional 75,747 shares in the last quarter. United Services Automobile Association raised its position in SPS Commerce by 3.4% in the fourth quarter. United Services Automobile Association now owns 22,838 shares of the software maker’s stock worth $1,881,000 after acquiring an additional 749 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in SPS Commerce in the fourth quarter worth about $428,000. Hsbc Holdings PLC raised its position in SPS Commerce by 169.4% in the fourth quarter. Hsbc Holdings PLC now owns 51,268 shares of the software maker’s stock worth $4,223,000 after acquiring an additional 32,235 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in SPS Commerce by 3.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,075 shares of the software maker’s stock worth $1,242,000 after acquiring an additional 550 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

NASDAQ:SPSC traded up $1.44 on Friday, hitting $108.54. 1,248 shares of the company’s stock traded hands, compared to its average volume of 158,164. SPS Commerce, Inc. has a 1 year low of $61.48 and a 1 year high of $113.31. The stock has a market cap of $1.90 billion, a PE ratio of 88.61, a price-to-earnings-growth ratio of 4.87 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Tuesday, February 12th. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.20. SPS Commerce had a return on equity of 8.17% and a net margin of 9.62%. The company had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $63.90 million. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that SPS Commerce, Inc. will post 1.47 EPS for the current year.

In other SPS Commerce news, Director Sven Wehrwein sold 2,672 shares of SPS Commerce stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $108.74, for a total transaction of $290,553.28. Following the transaction, the director now owns 8,415 shares of the company’s stock, valued at approximately $915,047.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Archie C. Black sold 1,705 shares of SPS Commerce stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $104.09, for a total value of $177,473.45. Following the transaction, the chief executive officer now directly owns 90,007 shares in the company, valued at approximately $9,368,828.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,984 shares of company stock worth $3,752,731. Company insiders own 3.60% of the company’s stock.

Several analysts have issued reports on SPSC shares. Zacks Investment Research downgraded SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Canaccord Genuity boosted their price objective on SPS Commerce from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. BidaskClub upgraded SPS Commerce from a “sell” rating to a “hold” rating in a report on Friday, December 21st. boosted their price objective on SPS Commerce from $95.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Finally, restated an “outperform” rating and set a $112.00 price objective (up previously from $95.00) on shares of SPS Commerce in a report on Wednesday, February 13th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $99.64.

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SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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

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