Fisher Asset Management LLC Grows Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Fisher Asset Management LLC raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,326 shares of the software maker's stock after purchasing an additional 5,043 shares during the period. Fisher Asset Management LLC owned 0.71% of SPS Commerce worth $48,817,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. raised 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 acquiring an additional 100 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of 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 in the last quarter. R Squared Ltd acquired a new position in SPS Commerce in the 4th quarter valued at $57,000. Arcadia Investment Management Corp MI purchased a new position in SPS Commerce in the 4th quarter valued at $57,000. Finally, Avior Wealth Management LLC boosted its stake in SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker's stock worth $68,000 after purchasing an additional 326 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

Insider Buying and Selling at SPS Commerce

In related news, CEO Chadwick Collins sold 2,840 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares in the company, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,695 shares of company stock valued at $7,781,086 over the last quarter. 1.00% of the stock is owned by company insiders.

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SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded down $2.04 during midday trading on Thursday, reaching $131.79. 85,664 shares of the company's stock were exchanged, compared to its average volume of 301,355. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 64.72 and a beta of 0.88. SPS Commerce, Inc. has a fifty-two week low of $130.36 and a fifty-two week high of $218.61. The firm's 50 day simple moving average is $170.68 and its two-hundred day simple moving average is $183.03.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Equities research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC decreased their target price on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Northland Securities restated a "market perform" rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Piper Sandler cut their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Finally, Stifel Nicolaus lowered their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.11.

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.