BNP Paribas Arbitrage SA boosted its position in SPS Commerce Inc. (NASDAQ:SPSC) by 265.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,336 shares of the company’s stock after buying an additional 1,697 shares during the period. BNP Paribas Arbitrage SA’s holdings in SPS Commerce were worth $171,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SPSC. Teacher Retirement System of Texas increased its position in SPS Commerce by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,322 shares of the company’s stock worth $141,000 after buying an additional 285 shares during the period. Bank of Montreal Can acquired a new position in shares of SPS Commerce during the second quarter valued at approximately $180,000. Menta Capital LLC acquired a new position in shares of SPS Commerce during the second quarter valued at approximately $212,000. HBK Investments L P acquired a new position in shares of SPS Commerce during the first quarter valued at approximately $273,000. Finally, Suntrust Banks Inc. acquired a new position in shares of SPS Commerce during the second quarter valued at approximately $326,000.
Shares of SPS Commerce Inc. (NASDAQ:SPSC) opened at 71.34 on Friday. The stock’s 50 day moving average price is $69.10 and its 200 day moving average price is $58.31. The company has a market capitalization of $1.21 billion, a PE ratio of 254.79 and a beta of 1.17. SPS Commerce Inc. has a 12-month low of $38.35 and a 12-month high of $78.29.
SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business earned $474 million during the quarter, compared to analyst estimates of $47.06 million. SPS Commerce had a return on equity of 3.84% and a net margin of 2.73%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, equities research analysts forecast that SPS Commerce Inc. will post $0.98 earnings per share for the current year.
Several research analysts have commented on the company. Zacks Investment Research downgraded SPS Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Pacific Crest assumed coverage on SPS Commerce in a research note on Thursday, September 29th. They set an “overweight” rating and a $85.00 target price for the company. Needham & Company LLC boosted their target price on SPS Commerce from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, First Analysis assumed coverage on SPS Commerce in a research note on Monday, September 26th. They set an “overweight” rating and a $86.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $78.25.
In other SPS Commerce news, Director Michael A. Smerklo sold 580 shares of SPS Commerce stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $67.40, for a total transaction of $39,092.00. Following the completion of the transaction, the director now owns 760 shares of the company’s stock, valued at approximately $51,224. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Smerklo sold 581 shares of SPS Commerce stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $65.74, for a total value of $38,194.94. Following the transaction, the director now directly owns 1,340 shares of the company’s stock, valued at approximately $88,091.60. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.
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