BNP Paribas Financial Markets Has $11.10 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

BNP Paribas Financial Markets boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 71.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,154 shares of the software maker's stock after acquiring an additional 23,751 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of SPS Commerce worth $11,098,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SPSC. Mather Group LLC. lifted its holdings in shares of SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker's stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of SPS Commerce during the second quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock valued at $32,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. raised its position in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after buying an additional 100 shares during the period. Finally, DT Investment Partners LLC purchased a new stake in SPS Commerce in the 2nd quarter worth about $63,000. Institutional investors own 98.96% of the company's stock.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of research reports. Robert W. Baird upped their target price on SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Piper Sandler started coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a "neutral" rating and a $198.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their price target on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $220.78.

SPS Commerce Trading Down 0.2 %

NASDAQ SPSC traded down $0.40 during trading on Monday, hitting $192.67. 139,944 shares of the company traded hands, compared to its average volume of 185,791. The company has a market capitalization of $7.24 billion, a P/E ratio of 92.38 and a beta of 0.84. The business has a fifty day simple moving average of $186.56 and a 200 day simple moving average of $191.20. SPS Commerce, Inc. has a 12 month low of $160.58 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Equities research analysts predict that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal 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.