Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 225.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,100 shares of the software maker's stock after buying an additional 16,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of SPS Commerce worth $4,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SPSC. Shaker Investments LLC OH raised its position in shares of SPS Commerce by 1.7% in the 2nd quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker's stock worth $564,000 after acquiring an additional 50 shares in the last quarter. Pathstone Holdings LLC raised its holdings in SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker's stock worth $3,820,000 after purchasing an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPS Commerce by 4.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker's stock valued at $256,000 after buying an additional 55 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of SPS Commerce by 2.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker's stock valued at $449,000 after buying an additional 62 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of SPS Commerce by 1.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,756 shares of the software maker's stock valued at $707,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Performance

NASDAQ SPSC traded up $0.50 on Friday, reaching $193.07. 82,216 shares of the company's stock traded hands, compared to its average volume of 185,990. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 92.38 and a beta of 0.84. The stock has a 50 day moving average price of $186.56 and a 200-day moving average price of $191.28.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) 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 analysts' expectations 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 quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Robert W. Baird increased their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. 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, Piper Sandler initiated coverage on SPS Commerce in a research report on Monday, November 25th. They set a "neutral" rating and a $198.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $220.78.

SPS Commerce 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.