Charles Schwab Investment Management Inc. Boosts Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Charles Schwab Investment Management Inc. boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 465,144 shares of the software maker's stock after acquiring an additional 8,186 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.24% of SPS Commerce worth $90,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SPSC. Intech Investment Management LLC increased its position in shares of SPS Commerce by 170.1% during the 3rd quarter. Intech Investment Management LLC now owns 8,148 shares of the software maker's stock valued at $1,582,000 after purchasing an additional 5,131 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of SPS Commerce by 9.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,898 shares of the software maker's stock valued at $16,679,000 after purchasing an additional 7,762 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of SPS Commerce by 38.4% during the 3rd quarter. Moran Wealth Management LLC now owns 2,803 shares of the software maker's stock valued at $544,000 after purchasing an additional 777 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of SPS Commerce by 129.9% during 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SPS Commerce during the 3rd quarter valued at about $210,000. 98.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SPS Commerce

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

SPS Commerce Stock Performance

Shares of NASDAQ SPSC traded down $0.75 during mid-day trading on Wednesday, hitting $192.57. 157,390 shares of the stock traded hands, compared to its average volume of 186,441. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 92.50 and a beta of 0.84. The stock has a fifty day moving average price of $186.67 and a 200-day moving average price of $191.26.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results 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 company had revenue of $163.69 million for 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 previous year, the company posted $0.53 earnings per share. As a group, sell-side analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Robert W. Baird increased their target price 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 increased their target price on SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Piper Sandler assumed coverage on SPS Commerce in a report on Monday. They set a "neutral" rating and a $198.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.