BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $16.68 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,898 shares of the software maker's stock after buying an additional 7,762 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.23% of SPS Commerce worth $16,679,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. boosted its stake in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker's stock worth $27,000 after acquiring an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at $30,000. Blue Trust Inc. increased its stake in SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after buying an additional 100 shares during the period. Finally, DT Investment Partners LLC acquired a new stake in SPS Commerce during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on SPSC. Stifel Nicolaus lifted their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Northland Capmk cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Needham & Company LLC restated a "buy" rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday, October 25th. Northland Securities cut SPS Commerce from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Finally, Robert W. Baird upped their price target on SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $223.63.

Insider Activity at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 54,446 shares of the company's stock, valued at $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company's stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded up $2.81 during midday trading on Friday, hitting $189.13. 388,881 shares of the stock were exchanged, compared to its average volume of 261,806. The company has a market capitalization of $7.11 billion, a PE ratio of 90.49 and a beta of 0.84. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The business's fifty day simple moving average is $186.64 and its two-hundred day simple moving average is $191.26.

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

SPS Commerce Company 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.