B. Metzler seel. Sohn & Co. Holding AG Invests $3.18 Million in SPS Commerce, Inc. (NASDAQ:SPSC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,368 shares of the software maker's stock, valued at approximately $3,178,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSC. State Board of Administration of Florida Retirement System boosted its stake in shares of SPS Commerce by 13.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,909 shares of the software maker's stock valued at $2,202,000 after purchasing an additional 1,430 shares in the last quarter. Vanguard Group Inc. boosted its position in SPS Commerce by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker's stock valued at $803,798,000 after buying an additional 58,525 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of SPS Commerce by 24.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,877 shares of the software maker's stock valued at $717,000 after buying an additional 769 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of SPS Commerce by 11.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,875 shares of the software maker's stock worth $6,062,000 after buying an additional 3,340 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in SPS Commerce during the 1st quarter valued at about $329,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SPSC shares. DA Davidson increased their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Northland Securities lowered SPS Commerce from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Stifel Nicolaus raised their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Northland Capmk lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating in a report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $223.63.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $179.87 on Thursday. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 86.06 and a beta of 0.84. The company has a 50-day moving average of $186.75 and a 200 day moving average of $191.28.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The business had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. During the same quarter last year, the firm earned $0.53 earnings per share. The business's revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current year.

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

SPS Commerce Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.