Texas Permanent School Fund Corp Raises Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Texas Permanent School Fund Corp grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,118 shares of the software maker’s stock after purchasing an additional 416 shares during the period. Texas Permanent School Fund Corp’s holdings in SPS Commerce were worth $5,939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of SPS Commerce by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,288,681 shares of the software maker’s stock valued at $831,318,000 after acquiring an additional 38,132 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of SPS Commerce by 1.5% in the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after buying an additional 12,397 shares during the period. Dimensional Fund Advisors LP boosted its position in SPS Commerce by 1.5% during the 4th 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in SPS Commerce by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,703 shares of the software maker’s stock worth $83,681,000 after acquiring an additional 12,091 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of SPS Commerce by 2.8% in the third quarter. American Century Companies Inc. now owns 399,863 shares of the software maker’s stock valued at $68,221,000 after acquiring an additional 11,010 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director James Burr Ramsey sold 6,567 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the transaction, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of SPS Commerce in a research note on Friday, May 10th. Robert W. Baird increased their target price on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Citigroup increased their price objective on SPS Commerce from $213.00 to $222.00 and gave the stock a “buy” rating in a report on Friday, May 10th. William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Finally, StockNews.com cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.29.

SPS Commerce Trading Up 1.2 %

SPS Commerce stock traded up $2.29 during mid-day trading on Friday, hitting $195.48. The stock had a trading volume of 5,067 shares, compared to its average volume of 174,478. The firm’s 50 day moving average is $189.24 and its 200 day moving average is $184.74. The firm has a market capitalization of $7.24 billion, a P/E ratio of 105.57 and a beta of 0.85. SPS Commerce, Inc. has a one year low of $151.96 and a one year high of $218.74.

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

SPS Commerce 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.