Keybank National Association OH Continues to Hold Stake in SPS Commerce, Inc. (SPSC)

Keybank National Association OH held its stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,927 shares of the software maker’s stock at the close of the second quarter. Keybank National Association OH’s holdings in SPS Commerce were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its position in SPS Commerce by 3.3% during the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock worth $111,000 after purchasing an additional 60 shares in the last quarter. Victory Capital Management Inc. boosted its position in SPS Commerce by 83.4% during the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock worth $117,000 after purchasing an additional 911 shares in the last quarter. Blueport Capital L.P. boosted its position in SPS Commerce by 28.3% during the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock worth $139,000 after purchasing an additional 525 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in SPS Commerce by 13.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock worth $190,000 after purchasing an additional 379 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in SPS Commerce by 0.6% during the first quarter. Bank of Montreal Can now owns 3,627 shares of the software maker’s stock worth $212,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 98.27% of the company’s stock.

SPS Commerce, Inc. (NASDAQ:SPSC) opened at 58.89 on Wednesday. SPS Commerce, Inc. has a 52-week low of $48.11 and a 52-week high of $74.85. The stock has a 50 day moving average price of $58.95 and a 200 day moving average price of $58.72. The stock has a market cap of $1.01 billion, a P/E ratio of 111.32 and a beta of 1.17.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. On average, equities research analysts forecast that SPS Commerce, Inc. will post $0.88 EPS for the current year.

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Several equities analysts have recently weighed in on the company. BidaskClub downgraded SPS Commerce from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity restated a “hold” rating and issued a $65.00 target price on shares of SPS Commerce in a research report on Wednesday, July 26th. Zacks Investment Research downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. CIBC assumed coverage on SPS Commerce in a research report on Friday, July 21st. They issued an “outperform” rating and a $74.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. set a $74.00 target price on SPS Commerce and gave the company a “buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. SPS Commerce currently has an average rating of “Hold” and a consensus target price of $75.50.

SPS Commerce 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.

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

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