Focus Financial Network Inc. Purchases 1,636 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

by · The Cerbat Gem

Focus Financial Network Inc. lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 15.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,991 shares of the software maker’s stock after acquiring an additional 1,636 shares during the quarter. Focus Financial Network Inc.’s holdings in SPS Commerce were worth $2,328,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SPSC. Mather Group LLC. increased its position in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of SPS Commerce during the 2nd quarter valued at about $30,000. Blue Trust Inc. increased its position in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of SPS Commerce during the 1st quarter valued at about $60,000. Finally, DT Investment Partners LLC bought a new position in shares of SPS Commerce during the 2nd quarter valued at about $63,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling

In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $166.47 on Friday. The firm has a market cap of $6.25 billion, a P/E ratio of 79.65 and a beta of 0.84. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The business’s 50 day moving average price is $190.61 and its 200-day moving average price is $190.43.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, equities analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SPSC. Craig Hallum increased their price objective on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Robert W. Baird raised their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus raised their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.63.

View Our Latest Analysis on SPSC

SPS Commerce Profile

(Free Report)

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.

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