Conestoga Capital Advisors Lowers stake in SPS Commerce (SPSC)

SPS Commerce (SPSC) : Conestoga Capital Advisors reduced its stake in SPS Commerce by 14.8% during the most recent quarter end. The investment management company now holds a total of 727,403 shares of SPS Commerce which is valued at $45,251,741 after selling 126,315 shares in SPS Commerce , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.SPS Commerce makes up approximately 3.29% of Conestoga Capital Advisors’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors boosted its stake in SPSC in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 481 shares of SPS Commerce which is valued at $29,923. SPS Commerce makes up approx 0.01% of Jnba Financial Advisors’s portfolio. Simplex Trading sold out all of its stake in SPSC during the most recent quarter. The investment firm sold 600 shares of SPSC which is valued $37,542.Cutler Group Lp boosted its stake in SPSC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 300 shares of SPS Commerce which is valued at $18,405.Mazama Capital Management Inc reduced its stake in SPSC by selling 159 shares or 29.78% in the most recent quarter. The Hedge Fund company now holds 375 shares of SPSC which is valued at $23,085.

SPS Commerce closed down -1.08 points or -1.68% at $63.32 with 1,49,980 shares getting traded on Friday. Post opening the session at $64.11, the shares hit an intraday low of $61.12 and an intraday high of $66.11 and the price fluctuated in this range throughout the day.Shares ended Friday 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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