Riverbridge Partners buys $52,642,231 stake in SPS Commerce (SPSC)

SPS Commerce (SPSC) : Riverbridge Partners scooped up 42,687 additional shares in SPS Commerce during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 814,643 shares of SPS Commerce which is valued at $52,642,231.SPS Commerce makes up approximately 1.06% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Gilder Gagnon Howe Co reduced its stake in SPSC by selling 91,973 shares or 62.2% in the most recent quarter. The Hedge Fund company now holds 55,899 shares of SPSC which is valued at $3,612,193. SPS Commerce makes up approx 0.07% of Gilder Gagnon Howe Co’s portfolio. Advisory Services Network sold out all of its stake in SPSC during the most recent quarter. The investment firm sold 65 shares of SPSC which is valued $4,012. Summit Creek Advisors added SPSC to its portfolio by purchasing 104,537 company shares during the most recent quarter which is valued at $6,503,247. SPS Commerce makes up approx 1.06% of Summit Creek Advisors’s portfolio.Eagle Asset Management Inc boosted its stake in SPSC in the latest quarter, The investment management firm added 5,428 additional shares and now holds a total of 100,801 shares of SPS Commerce which is valued at $6,307,119. SPS Commerce makes up approx 0.04% of Eagle Asset Management Inc’s portfolio. Bnp Paribas Arbitrage Sa added SPSC to its portfolio by purchasing 639 company shares during the most recent quarter which is valued at $39,337.

SPS Commerce closed down -0.12 points or -0.19% at $64.5 with 75,379 shares getting traded on Thursday. Post opening the session at $64.87, the shares hit an intraday low of $63.74 and an intraday high of $64.87 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 Company’s platform consists of a set of coupled cloud services. The Company’s fulfillment product combines integrations that comply with various rule books for retailers and distributors. By maintaining current integrations with retailers the Company’s 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.

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