SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Holocene Advisors LP

Holocene Advisors LP boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 322.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,171 shares of the software maker's stock after purchasing an additional 12,344 shares during the period. Holocene Advisors LP's holdings in SPS Commerce were worth $3,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SPSC. Mather Group LLC. raised its position in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker's stock worth $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in SPS Commerce during the second quarter worth $30,000. Blue Trust Inc. raised its holdings in shares of SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of SPS Commerce during the second quarter valued at $63,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

Insider Activity at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 54,446 shares of the company's stock, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

SPS Commerce Stock Up 1.7 %

Shares of SPSC stock traded up $3.19 on Friday, reaching $192.79. 125,208 shares of the stock were exchanged, compared to its average volume of 184,960. The stock has a market cap of $7.24 billion, a P/E ratio of 90.72 and a beta of 0.86. The firm has a 50 day moving average of $186.51 and a two-hundred day moving average of $191.16. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. The company 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 firm's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.