Hantz Financial Services Inc. Lowers Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Hantz Financial Services Inc. reduced its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,417 shares of the software maker's stock after selling 3,012 shares during the period. Hantz Financial Services Inc. owned 0.17% of SPS Commerce worth $12,702,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Conestoga Capital Advisors LLC boosted its stake in shares of SPS Commerce by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker's stock worth $242,437,000 after acquiring an additional 21,170 shares during the period. FMR LLC lifted its holdings in SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker's stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SPS Commerce by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker's stock worth $93,583,000 after purchasing an additional 12,552 shares during the period. Charles Schwab Investment Management Inc. grew its stake in SPS Commerce by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker's stock valued at $90,317,000 after acquiring an additional 8,186 shares in the last quarter. Finally, Geneva Capital Management LLC grew its stake in SPS Commerce by 0.5% during the third quarter. Geneva Capital Management LLC now owns 443,787 shares of the software maker's stock valued at $86,170,000 after acquiring an additional 1,994 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several research reports. Robert W. Baird increased their price objective 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 restated a "buy" rating and set a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Stifel Nicolaus increased their target price on SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Piper Sandler began coverage on shares of SPS Commerce in a research report on Monday. They issued a "neutral" rating and a $198.00 price target on the stock. Six analysts have rated the stock with a hold rating and six have given 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 target price of $220.78.

SPS Commerce Trading Up 0.3 %

Shares of SPSC stock traded up $0.50 during trading hours on Friday, reaching $193.07. 82,215 shares of the stock were exchanged, compared to its average volume of 185,990. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 92.38 and a beta of 0.84. The company's 50-day moving average price is $186.60 and its 200-day moving average price is $191.28. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.09. The business 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 business's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, sell-side analysts expect that SPS Commerce, Inc. will post 2.39 EPS for the current year.

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.