Ancora Advisors LLC Decreased Sps Commerce INC (SPSC) Position by $3.65 Million as Market Valuation Rose

September 30, 2018 - By Victoria Pittman

SPS Commerce, Inc. (NASDAQ:SPSC) LogoInvestors sentiment increased to 2.18 in Q2 2018. Its up 0.91, from 1.27 in 2018Q1. It increased, as 14 investors sold SPSC shares while 35 reduced holdings. 40 funds opened positions while 67 raised stakes. 15.91 million shares or 0.04% more from 15.91 million shares in 2018Q1 were reported. Northpointe Cap Ltd Liability Corp holds 0.92% or 94,156 shares in its portfolio. Zacks Inv Mngmt reported 22,586 shares or 0.04% of all its holdings. Principal Fincl Grp Inc reported 0.01% of its portfolio in SPS Commerce, Inc. (NASDAQ:SPSC). Moreover, Fmr Limited Com has 0.01% invested in SPS Commerce, Inc. (NASDAQ:SPSC). Mutual Of America Capital Mngmt Ltd Company stated it has 0% in SPS Commerce, Inc. (NASDAQ:SPSC). Bogle Invest Management Limited Partnership De holds 0.26% or 48,193 shares. Jnba Advisors has 0.01% invested in SPS Commerce, Inc. (NASDAQ:SPSC). Los Angeles Capital & Equity Inc reported 5,755 shares. Schwab Charles Mngmt accumulated 90,528 shares. Moreover, Kbc Grp Nv has 0% invested in SPS Commerce, Inc. (NASDAQ:SPSC). Moreover, Pinebridge Investments Lp has 0.01% invested in SPS Commerce, Inc. (NASDAQ:SPSC). Amer Interest Gp stated it has 13,064 shares. Patten Group Inc Inc has 0% invested in SPS Commerce, Inc. (NASDAQ:SPSC). Parkside Retail Bank Tru reported 0% in SPS Commerce, Inc. (NASDAQ:SPSC). Quantbot Technologies Lp invested 0.01% in SPS Commerce, Inc. (NASDAQ:SPSC).

Since April 17, 2018, it had 0 buys, and 5 sales for $5.03 million activity. 5,316 shares valued at $528,123 were sold by LEESTMA MARTIN J on Wednesday, September 12. Black Archie C. also sold $2.86 million worth of SPS Commerce, Inc. (NASDAQ:SPSC) shares. Smerklo Michael A sold $48,950 worth of stock or 682 shares.

Ancora Advisors Llc decreased its stake in Sps Commerce Inc (SPSC) by 25.04% based on its latest 2018Q2 regulatory filing with the SEC. Ancora Advisors Llc sold 50,000 shares as the company’s stock rose 26.75% with the market. The hedge fund held 149,697 shares of the technology company at the end of 2018Q2, valued at $11.00M, down from 199,697 at the end of the previous reported quarter. Ancora Advisors Llc who had been investing in Sps Commerce Inc for a number of months, seems to be less bullish one the $1.73B market cap company. The stock increased 0.83% or $0.82 during the last trading session, reaching $99.24. About 63,617 shares traded. SPS Commerce, Inc. (NASDAQ:SPSC) has risen 66.53% since September 30, 2017 and is uptrending. It has outperformed by 50.91% the S&P500.

Ancora Advisors Llc, which manages about $3.12 billion and $2.30B US Long portfolio, upped its stake in Matthews Intl Corp (NASDAQ:MATW) by 95,277 shares to 197,030 shares, valued at $11.59M in 2018Q2, according to the filing. It also increased its holding in Kearny Finl Corp Md by 240,033 shares in the quarter, for a total of 1.19M shares, and has risen its stake in First Tr North Amer Energy (EMLP).

Analysts await SPS Commerce, Inc. (NASDAQ:SPSC) to report earnings on October, 25. They expect $0.28 earnings per share, up 100.00 % or $0.14 from last year’s $0.14 per share. SPSC’s profit will be $4.89M for 88.61 P/E if the $0.28 EPS becomes a reality. After $0.35 actual earnings per share reported by SPS Commerce, Inc. for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

More important recent SPS Commerce, Inc. (NASDAQ:SPSC) news were published by: Globenewswire.com which released: “SPS Commerce Announces IN>MPLS18” on September 26, 2018, also Globenewswire.com published article titled: “SPS Commerce Announces Acumatica Certification”, Globenewswire.com published: “SPS Commerce Announces IN>CHI18” on September 19, 2018. More interesting news about SPS Commerce, Inc. (NASDAQ:SPSC) was released by: Nasdaq.com and their article: “Detailed Research: Economic Perspectives on GDS HOLDINGS, Dorman Products, Seaspan, SPS Commerce, Eni …” with publication date: September 26, 2018.

SPS Commerce, Inc. (NASDAQ:SPSC) Ratings Coverage

Among 5 analysts covering SPS Commerce (NASDAQ:SPSC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. SPS Commerce had 6 analyst reports since April 23, 2018 according to SRatingsIntel. The firm has “Market Outperform” rating given on Friday, April 27 by JMP Securities. Stifel Nicolaus maintained SPS Commerce, Inc. (NASDAQ:SPSC) rating on Friday, July 27. Stifel Nicolaus has “Buy” rating and $90 target. The firm earned “Buy” rating on Friday, April 27 by Canaccord Genuity. Benchmark upgraded SPS Commerce, Inc. (NASDAQ:SPSC) on Monday, April 23 to “Hold” rating. The stock has “Buy” rating by Canaccord Genuity on Friday, July 27. The company was maintained on Thursday, June 7 by Oppenheimer.

SPS Commerce, Inc. (NASDAQ:SPSC) Institutional Positions Chart

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