SPS Commerce (SPSC) : Granahan Investment Management Incma reduced its stake in SPS Commerce by 14.36% during the most recent quarter end. The investment management company now holds a total of 770,539 shares of SPS Commerce which is valued at $50,200,616 after selling 129,160 shares in SPS Commerce , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.SPS Commerce makes up approximately 1.70% of Granahan Investment Management Incma’s portfolio.
Other Hedge Funds, Including , Millennium Management sold out all of its stake in SPSC during the most recent quarter. The investment firm sold 17,028 shares of SPSC which is valued $1,109,374. Quadrature Capital Ltd added SPSC to its portfolio by purchasing 4,075 company shares during the most recent quarter which is valued at $256,929. SPS Commerce makes up approx 0.02% of Quadrature Capital Ltd’s portfolio.Tiaa Cref Investment Management reduced its stake in SPSC by selling 1,164 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 82,808 shares of SPSC which is valued at $5,265,761. Ls Investment Advisors added SPSC to its portfolio by purchasing 626 company shares during the most recent quarter which is valued at $39,807. Ifp Advisors Inc sold out all of its stake in SPSC during the most recent quarter. The investment firm sold 13 shares of SPSC which is valued $819.
SPS Commerce closed down -0.5 points or -0.75% at $66.43 with 98,222 shares getting traded on Monday. Post opening the session at $66.97, the shares hit an intraday low of $66.28 and an intraday high of $67.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, SPS Commerce reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.25. The company had revenue of $49.28 million for the quarter, compared to analysts expectations of $49.02 million. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on SPS Commerce. Pacific Crest Initiated SPS Commerce on Sep 30, 2016 to “Overweight”, Price Target of the shares are set at $85.First Analysis Sec Initiated SPS Commerce on Sep 27, 2016 to “Overweight”, Price Target of the shares are set at $86.Company shares were Reiterated by Needham on Sep 26, 2016 to “Buy”, Firm has raised the Price Target to $ 83 from a previous price target of $70 .
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.