Intrust Bank NA Has $497,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Intrust Bank NA cut its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,741 shares of the software maker’s stock after selling 349 shares during the period. Intrust Bank NA’s holdings in SPS Commerce were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of SPS Commerce by 11.8% during the 1st quarter. Bank of New York Mellon Corp now owns 331,432 shares of the software maker’s stock valued at $43,991,000 after purchasing an additional 34,859 shares in the last quarter. KBC Group NV raised its holdings in SPS Commerce by 8.1% during the 1st quarter. KBC Group NV now owns 1,651 shares of the software maker’s stock worth $219,000 after buying an additional 124 shares during the period. SG Americas Securities LLC bought a new position in SPS Commerce in the first quarter valued at approximately $1,045,000. First Trust Advisors LP boosted its holdings in shares of SPS Commerce by 202.0% in the fourth quarter. First Trust Advisors LP now owns 5,683 shares of the software maker’s stock valued at $1,046,000 after buying an additional 3,801 shares during the period. Finally, Barclays PLC boosted its holdings in shares of SPS Commerce by 4.2% in the fourth quarter. Barclays PLC now owns 69,192 shares of the software maker’s stock valued at $12,730,000 after buying an additional 2,805 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

Shares of SPSC stock opened at $110.40 on Thursday. The stock has a market cap of $4.19 billion, a P/E ratio of 50.64 and a beta of 0.71. The company has a fifty day moving average price of $135.27 and a two-hundred day moving average price of $142.01. SPS Commerce, Inc. has a one year low of $102.05 and a one year high of $204.20.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. The firm had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Needham & Company LLC reduced their price objective on SPS Commerce from $210.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Loop Capital downgraded SPS Commerce from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Cantor Fitzgerald assumed coverage on SPS Commerce in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $170.00 target price on the stock. Finally, Morgan Stanley reduced their price target on SPS Commerce from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $165.80.

About SPS Commerce

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.