SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Decreased by Westover Capital Advisors LLC

Westover Capital Advisors LLC trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,257 shares of the software maker’s stock after selling 91 shares during the quarter. Westover Capital Advisors LLC’s holdings in SPS Commerce were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SPSC. Vanguard Group Inc. grew its position in shares of SPS Commerce by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock worth $725,186,000 after acquiring an additional 33,874 shares during the last quarter. Ameriprise Financial Inc. grew its position in SPS Commerce by 27.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock worth $101,449,000 after purchasing an additional 128,788 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of SPS Commerce by 19.0% in the third quarter. William Blair Investment Management LLC now owns 569,458 shares of the software maker’s stock valued at $97,155,000 after purchasing an additional 90,964 shares during the period. FMR LLC increased its stake in shares of SPS Commerce by 0.4% in the third quarter. FMR LLC now owns 507,955 shares of the software maker’s stock valued at $86,662,000 after purchasing an additional 2,152 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of SPS Commerce by 1.0% during the third quarter. Northern Trust Corp now owns 491,062 shares of the software maker’s stock valued at $83,780,000 after buying an additional 4,764 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com cut SPS Commerce from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Robert W. Baird upped their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Citigroup started coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price for the company. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $196.57.

SPS Commerce Trading Up 0.2 %

Shares of SPS Commerce stock traded up $0.34 on Friday, reaching $182.41. 186,843 shares of the company were exchanged, compared to its average volume of 181,186. SPS Commerce, Inc. has a fifty-two week low of $147.90 and a fifty-two week high of $218.74. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 99.68 and a beta of 0.81. The stock has a fifty day moving average price of $178.39 and a 200-day moving average price of $179.44.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. The business had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sven Wehrwein sold 2,408 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the sale, the director now directly owns 15,747 shares of the company’s stock, valued at approximately $3,102,631.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James J. Frome sold 2,825 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $187.47, for a total value of $529,602.75. Following the completion of the sale, the chief operating officer now directly owns 56,930 shares of the company’s stock, valued at $10,672,667.10. The disclosure for this sale can be found here. Insiders sold a total of 28,019 shares of company stock valued at $5,186,345 over the last three months. Insiders own 1.00% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.