Granahan Investment Management Incma buys $46.7 Million stake in SPS Commerce (SPSC)

SPS Commerce (SPSC) : Granahan Investment Management Incma scooped up 133,406 additional shares in SPS Commerce during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 886,935 shares of SPS Commerce which is valued at $46.7 Million.SPS Commerce makes up approximately 1.72% of Granahan Investment Management Incma’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in SPSC by selling 5,888 shares or 57.76% in the most recent quarter. The Hedge Fund company now holds 4,306 shares of SPSC which is valued at $226,582. SPS Commerce makes up approx 0.01% of D.a. Davidson’s portfolio.United Services Automobile Association boosted its stake in SPSC in the latest quarter, The investment management firm added 4,950 additional shares and now holds a total of 70,321 shares of SPS Commerce which is valued at $3.7 Million. SPS Commerce makes up approx 0.01% of United Services Automobile Association’s portfolio.National Penn Investors Trust Co Pa boosted its stake in SPSC in the latest quarter, The investment management firm added 1,605 additional shares and now holds a total of 6,005 shares of SPS Commerce which is valued at $315,983. SPS Commerce makes up approx 0.04% of National Penn Investors Trust Co Pa’s portfolio.Swiss National Bank boosted its stake in SPSC in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 26,100 shares of SPS Commerce which is valued at $1.3 Million.

SPS Commerce closed down -0.45 points or -0.84% at $53.25 with 78,003 shares getting traded on Wednesday. Post opening the session at $54.04, the shares hit an intraday low of $53.19 and an intraday high of $54.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, SPS Commerce reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.21. The company had revenue of $45.60 million for the quarter, compared to analysts expectations of $44.87 million. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

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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