Quantbot Technologies LP Has $4.01 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Quantbot Technologies LP raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 101.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,674 shares of the software maker's stock after purchasing an additional 10,390 shares during the quarter. Quantbot Technologies LP owned 0.06% of SPS Commerce worth $4,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Shaker Investments LLC OH boosted its stake in SPS Commerce by 1.7% in the second quarter. Shaker Investments LLC OH now owns 3,000 shares of the software maker's stock worth $564,000 after purchasing an additional 50 shares in the last quarter. Pathstone Holdings LLC raised its position in SPS Commerce by 0.3% in the 3rd 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 during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in SPS Commerce by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker's stock worth $256,000 after purchasing an additional 55 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in SPS Commerce by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker's stock worth $449,000 after buying an additional 62 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in 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 during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Chadwick Collins sold 6,839 shares of the company's 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 directly owns 54,446 shares of the company's stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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 report on Friday, October 25th. Piper Sandler assumed coverage on SPS Commerce in a report on Monday. They set a "neutral" rating and a $198.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SPS Commerce has a consensus rating of "Moderate Buy" and a consensus price target of $220.78.

SPS Commerce Stock Performance

NASDAQ:SPSC traded down $0.75 during trading hours on Wednesday, hitting $192.57. The stock had a trading volume of 157,390 shares, compared to its average volume of 186,441. The business's 50 day moving average is $186.67 and its 200-day moving average is $191.26. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 92.50 and a beta of 0.84. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping 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 business had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. During the same quarter last year, the business posted $0.53 EPS. The firm's revenue was up 20.7% compared to the same quarter last year. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

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.