Koch Industries Inc. purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,937 shares of the software maker’s stock, valued at approximately $240,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in SPS Commerce by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 158,614 shares of the software maker’s stock valued at $7,706,000 after purchasing an additional 6,986 shares during the period. Quadrature Capital Ltd acquired a new stake in SPS Commerce in the 4th quarter valued at $520,000. Citadel Advisors LLC grew its position in SPS Commerce by 440.2% in the 4th quarter. Citadel Advisors LLC now owns 257,541 shares of the software maker’s stock valued at $12,514,000 after purchasing an additional 209,865 shares during the period. BlackRock Inc. grew its position in SPS Commerce by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,120,517 shares of the software maker’s stock valued at $103,037,000 after purchasing an additional 37,925 shares during the period. Finally, Bank of New York Mellon Corp grew its position in SPS Commerce by 8.0% in the 4th quarter. Bank of New York Mellon Corp now owns 209,887 shares of the software maker’s stock valued at $10,197,000 after purchasing an additional 15,624 shares during the period. 98.26% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Oppenheimer reaffirmed a “buy” rating and set a $62.00 price objective on shares of SPS Commerce in a report on Thursday, January 25th. ValuEngine raised shares of SPS Commerce from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Finally, Canaccord Genuity cut their price objective on shares of SPS Commerce from $62.00 to $57.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $66.43.
Shares of SPS Commerce, Inc. (SPSC) opened at $64.65 on Friday. The company has a market capitalization of $1,097.83, a price-to-earnings ratio of 141.42, a PEG ratio of 3.41 and a beta of 0.91. SPS Commerce, Inc. has a 52 week low of $45.02 and a 52 week high of $65.29.
SPS Commerce (NASDAQ:SPSC) last released its earnings results on Tuesday, February 6th. The software maker reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The company had revenue of $58.20 million for the quarter, compared to analysts’ expectations of $57.47 million. During the same period in the previous year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. equities analysts expect that SPS Commerce, Inc. will post 0.87 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Koch Industries Inc. Takes $240,000 Position in SPS Commerce, Inc. (SPSC)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2018/03/23/koch-industries-inc-purchases-shares-of-4937-sps-commerce-inc-spsc.html.
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.
Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.