Garelick Capital Partners Lp adds SPS Commerce (SPSC) to its portfolio

SPS Commerce (SPSC) : Garelick Capital Partners Lp added new position in SPS Commerce during the most recent quarter end. The investment management firm now holds 87,613 shares of SPS Commerce which is valued at $5,767,564 , the company said in a statement filed on Aug 10, 2016 with the SEC.SPS Commerce makes up approximately 3.91% of Garelick Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in SPSC in the latest quarter, The investment management firm added 235 additional shares and now holds a total of 8,046 shares of SPS Commerce which is valued at $529,668.Stephens Investment Management Group reduced its stake in SPSC by selling 2,487 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 275,858 shares of SPSC which is valued at $17,999,735. SPS Commerce makes up approx 0.56% of Stephens Investment Management Group’s portfolio.Cadence Capital Management reduced its stake in SPSC by selling 109 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 5,101 shares of SPSC which is valued at $329,627. SPS Commerce makes up approx 0.02% of Cadence Capital Management’s portfolio.Quantbot Technologies Lp boosted its stake in SPSC in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 1,069 shares of SPS Commerce which is valued at $69,079. SPS Commerce makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.

SPS Commerce opened for trading at $65.45 and hit $66.29 on the upside on Friday, eventually ending the session at $65.75, with a gain of 0.41% or 0.27 points. The heightened volatility saw the trading volume jump to 32,403 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 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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