Geode Capital Management LLC increased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 937,321 shares of the software maker's stock after purchasing an additional 14,174 shares during the quarter. Geode Capital Management LLC owned 2.49% of SPS Commerce worth $182,287,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Barclays PLC grew its position in SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker's stock valued at $12,890,000 after acquiring an additional 44,946 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in SPS Commerce by 15,980.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,060 shares of the software maker's stock valued at $2,342,000 after buying an additional 11,985 shares during the period. MML Investors Services LLC grew its stake in shares of SPS Commerce by 4.1% in the third quarter. MML Investors Services LLC now owns 9,450 shares of the software maker's stock worth $1,835,000 after acquiring an additional 368 shares in the last quarter. Zacks Investment Management increased its position in shares of SPS Commerce by 7.6% during the third quarter. Zacks Investment Management now owns 9,047 shares of the software maker's stock worth $1,757,000 after acquiring an additional 637 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in shares of SPS Commerce in the third quarter valued at $271,000. Institutional investors and hedge funds own 98.96% of the company's stock.
SPS Commerce Trading Up 3.3 %
Shares of SPS Commerce stock traded up $6.31 on Monday, hitting $198.69. The stock had a trading volume of 183,870 shares, compared to its average volume of 184,388. The company's 50 day moving average price is $187.10 and its 200 day moving average price is $191.19. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 92.05 and a beta of 0.86. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. The business 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 company's revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. Analysts predict that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.
Insider Activity at SPS Commerce
In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the firm's stock in a transaction on 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 owns 54,446 shares of the company's stock, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
SPSC has been the subject of several analyst reports. 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. Robert W. Baird raised their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Finally, Piper Sandler started coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a "neutral" rating and a $198.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $220.78.
Read Our Latest Report on SPSC
About SPS Commerce
(
Free Report)
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.
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