Dakota Wealth Management owns $206,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

Dakota Wealth Management reduced its stake in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,095 shares of the software maker’s stock after selling 96 shares during the period. Dakota Wealth Management’s holdings in SPS Commerce were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have recently made changes to their positions in SPSC. Mather Group LLC. raised its stake in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after buying an additional 128 shares during the period. Opal Wealth Advisors LLC bought a new position in SPS Commerce in the second quarter valued at approximately $30,000. UMB Bank Na boosted its holdings in SPS Commerce by 224.7% in the first quarter. UMB Bank now owns 237 shares of the software maker’s stock worth $44,000 after acquiring an additional 164 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in SPS Commerce in the 1st quarter valued at approximately $60,000. Finally, Parallel Advisors LLC boosted its holdings in SPS Commerce by 52.9% in the fourth quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock worth $66,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s shares.

Analysts set new price targets

SPSC has been the subject of a number of recent research reports. Robert W. Baird upped their target price on SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $205.00 to $209.00 in a report on Monday, July 29th . Craig Hallum boosted their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. DA Davidson raised their target price on SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Moderate Buy” and an average price target of $220.25, according to MarketBeat.

See the latest inventory analysis on SPS Commerce

SPS Commerce price performance

Shares of SPSC traded up $0.47 during mid-day trading on Wednesday, hitting $194.77. 2,950 shares of the stock exchanged hands, compared to its average volume of 178,466. The company has a fifty day moving average price of $195.17 and a 200 day moving average price of $187.93. SPS Commerce, Inc. has a 12-month low of $151.96 and a 12-month high of $218.74. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 106.17 and a beta of 0.85.

SPS Commerce (NASDAQ:SPSC – Get Your Free Report ) last posted its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The company had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. In the same quarter last year, the company posted EPS of $0.42. SPS Commerce’s revenue for the quarter was up 17.8% year over year. As a group, equities analysts estimate that SPS Commerce, Inc. will post 2.33 EPS for the current fiscal year.

Insiders place their bets

In other SPS Commerce news, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other SPS Commerce news, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the transaction, the director now owns 18,852 shares in the company, valued at approximately $3,879,553.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $3,264,286.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,675 shares of company stock worth $1,551,735. Company insiders hold 1.00% of the company’s shares.

SPS Commerce profile

(Free Report)

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It delivers solutions through SPS Commerce, a cloud-based platform that improves how retailers, merchants, suppliers, distributors and logistics firms manage and fulfill omnichannel orders, optimize sales performance and automate new business relationships.

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