GSA Capital Partners LLP Buys Shares of 7,023 SPS Commerce, Inc. (SPSC)

GSA Capital Partners LLP bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,023 shares of the software maker’s stock, valued at approximately $398,000.

A number of other large investors have also made changes to their positions in SPSC. Schwab Charles Investment Management Inc. increased its position in SPS Commerce by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 71,048 shares of the software maker’s stock valued at $4,531,000 after buying an additional 508 shares in the last quarter. Rhumbline Advisers increased its position in SPS Commerce by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 33,387 shares of the software maker’s stock valued at $2,129,000 after buying an additional 176 shares in the last quarter. Legal & General Group Plc increased its position in SPS Commerce by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 30,932 shares of the software maker’s stock valued at $1,972,000 after buying an additional 2,577 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in SPS Commerce by 55.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,073 shares of the software maker’s stock valued at $323,000 after buying an additional 1,818 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in SPS Commerce by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358 shares of the software maker’s stock valued at $150,000 after buying an additional 355 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Shares of SPS Commerce, Inc. (NASDAQ SPSC) opened at $50.58 on Friday. The firm has a market capitalization of $851.57, a PE ratio of 103.23, a price-to-earnings-growth ratio of 2.79 and a beta of 1.07. SPS Commerce, Inc. has a one year low of $45.02 and a one year high of $72.60.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $56.15 million for the quarter, compared to the consensus estimate of $56.15 million. SPS Commerce had a return on equity of 4.25% and a net margin of 3.97%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. analysts expect that SPS Commerce, Inc. will post 0.59 earnings per share for the current year.

SPS Commerce announced that its board has authorized a stock buyback plan on Thursday, November 2nd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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 Thursday, September 28th. ValuEngine downgraded SPS Commerce from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BidaskClub downgraded SPS Commerce from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. Oppenheimer dropped their price target on SPS Commerce from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Finally, Stifel Nicolaus dropped their price target on SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $68.00.

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SPS Commerce Company Profile

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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