TFO Wealth Partners LLC Buys 1,979 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

TFO Wealth Partners LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 98,950.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,981 shares of the software maker’s stock after purchasing an additional 1,979 shares during the period. TFO Wealth Partners LLC’s holdings in SPS Commerce were worth $388,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SPS Commerce by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,250,549 shares of the software maker’s stock valued at $725,186,000 after buying an additional 33,874 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SPS Commerce by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,802 shares of the software maker’s stock valued at $95,527,000 after buying an additional 7,179 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in SPS Commerce by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,703 shares of the software maker’s stock valued at $83,681,000 after buying an additional 12,091 shares in the last quarter. Raymond James & Associates boosted its stake in SPS Commerce by 5.3% in the fourth quarter. Raymond James & Associates now owns 109,125 shares of the software maker’s stock valued at $21,153,000 after buying an additional 5,456 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in SPS Commerce by 23.1% in the fourth quarter. Fisher Asset Management LLC now owns 82,537 shares of the software maker’s stock valued at $15,999,000 after buying an additional 15,514 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Redburn Atlantic assumed coverage on SPS Commerce in a research note on Tuesday, May 14th. They set a “buy” rating and a $220.00 price target on the stock. Robert W. Baird lifted their price target on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Citigroup lifted their price target on SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a research note on Friday, May 10th. StockNews.com lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, William Blair reissued a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.25.

SPS Commerce Price Performance

Shares of SPSC opened at $188.09 on Friday. SPS Commerce, Inc. has a 1 year low of $151.63 and a 1 year high of $218.74. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 102.78 and a beta of 0.81. The business has a 50-day moving average of $182.14 and a 200-day moving average of $183.42.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 25th. The software maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The company had revenue of $149.58 million during the quarter, compared to the consensus estimate of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.23 EPS for the current year.

Insiders Place Their Bets

In other SPS Commerce news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total value of $1,273,341.30. Following the completion of the sale, the director now directly owns 14,728 shares in the company, valued at $2,855,759.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Company Profile

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.