SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 209.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,387 shares of the software maker's stock after purchasing an additional 44,946 shares during the period. Barclays PLC owned about 0.18% of SPS Commerce worth $12,890,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after buying an additional 100 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after purchasing an additional 100 shares during the last quarter. DT Investment Partners LLC acquired a new position in SPS Commerce in the second quarter worth $63,000. Signaturefd LLC increased its stake in SPS Commerce by 26.0% during the third quarter. Signaturefd LLC now owns 334 shares of the software maker's stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in SPS Commerce by 1,358.3% during the third quarter. Avior Wealth Management LLC now owns 350 shares of the software maker's stock valued at $68,000 after purchasing an additional 326 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Stock Up 3.3 %

SPS Commerce stock traded up $6.31 during mid-day trading on Monday, hitting $198.69. 183,870 shares of the company's stock traded hands, compared to its average volume of 184,388. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The company has a market cap of $7.46 billion, a PE ratio of 95.07 and a beta of 0.86. The firm has a 50 day moving average price of $187.28 and a 200 day moving average price of $191.26.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $163.69 million for the quarter, compared to analysts' expectations of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company's revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. On average, analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares of the company's stock, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

SPSC has been the subject of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Piper Sandler began coverage on SPS Commerce in a research note on Monday, November 25th. They issued a "neutral" rating and a $198.00 target price for the company. Robert W. Baird increased their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus raised their price target on SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, SPS Commerce presently has an average rating of "Moderate Buy" and an average target price of $220.78.

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.