SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,283 shares of the software maker's stock after purchasing an additional 22,171 shares during the quarter. Fisher Asset Management LLC owned 0.69% of SPS Commerce worth $50,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. increased its position 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 acquiring an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in SPS Commerce during the 2nd quarter worth approximately $30,000. Blue Trust Inc. increased its position in shares of SPS Commerce by 140.8% in the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Finally, DT Investment Partners LLC purchased a new stake in shares of SPS Commerce during the 2nd quarter worth $63,000. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Performance

SPS Commerce stock traded down $1.41 during midday trading on Wednesday, reaching $191.92. The stock had a trading volume of 74,285 shares, compared to its average volume of 186,076. The stock's 50-day simple moving average is $186.67 and its 200 day simple moving average is $191.26. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74. The stock has a market capitalization of $7.21 billion, a PE ratio of 92.50 and a beta of 0.84.

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

Analyst Ratings Changes

Several equities analysts recently commented on SPSC shares. Piper Sandler started coverage on SPS Commerce in a report on Monday. They issued a "neutral" rating and a $198.00 target price on the stock. Robert W. Baird increased their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Stifel Nicolaus boosted their target price 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, Needham & Company LLC reiterated a "buy" rating and issued a $230.00 price target on shares of SPS Commerce in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.78.

Insider Buying and Selling at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the business's 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 completion of the sale, the chief executive officer now directly owns 54,446 shares of the company's stock, valued at $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

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.