SPS Commerce (SPSC) : Diker Management reduced its stake in SPS Commerce by 8.81% during the most recent quarter end. The investment management company now holds a total of 44,514 shares of SPS Commerce which is valued at $2,930,357 after selling 4,299 shares in SPS Commerce , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.SPS Commerce makes up approximately 1.07% of Diker Management’s portfolio.
Other Hedge Funds, Including , Polar Capital Llp added SPSC to its portfolio by purchasing 54,332 company shares during the most recent quarter which is valued at $3,576,676. SPS Commerce makes up approx 0.07% of Polar Capital Llp’s portfolio.Teachers Advisors Inc boosted its stake in SPSC in the latest quarter, The investment management firm added 35,187 additional shares and now holds a total of 227,794 shares of SPS Commerce which is valued at $14,995,679. SPS Commerce makes up approx 0.03% of Teachers Advisors Inc’s portfolio.Huntington National Bank reduced its stake in SPSC by selling 287 shares or 19.5% in the most recent quarter. The Hedge Fund company now holds 1,185 shares of SPSC which is valued at $73,150.Perkins Capital Management Inc reduced its stake in SPSC by selling 750 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 16,250 shares of SPSC which is valued at $1,010,913. SPS Commerce makes up approx 1.11% of Perkins Capital Management Inc’s portfolio.
SPS Commerce opened for trading at $65.33 and hit $66 on the upside on Thursday, eventually ending the session at $65.76, with a gain of 0.74% or 0.48 points. The heightened volatility saw the trading volume jump to 90,490 shares. Company has a market cap of $1,116 M.
On the company’s financial health, SPS Commerce reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $47.40 million for the quarter, compared to analysts expectations of $47.06 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on SPS Commerce. Company shares were Reiterated by Needham on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .
SPS Commerce Inc. is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform a cloud-based product suite that enables suppliers retailers distributors and other customers place manage and fulfill orders. The Companys platform consists of a set of coupled cloud services. The Companys fulfillment product combines integrations that comply with various rule books for retailers and distributors. By maintaining current integrations with retailers the Companys platform obviates the need for suppliers to continually stay up-to-date with the rule book changes required by retailers. The SPS Commerce cloud services platform offers a range of solutions: Trading Partner Fulfillment Trading Partner Assortment Trading Partner Analytics Trading Partner Sourcing Trading Partner Enablement and Other Trading Partner Solutions.