Thematics Asset Management Has $28.60 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Thematics Asset Management increased its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,452 shares of the software maker's stock after buying an additional 41,538 shares during the period. SPS Commerce accounts for 1.2% of Thematics Asset Management's portfolio, making the stock its 23rd largest holding. Thematics Asset Management owned 0.41% of SPS Commerce worth $28,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of SPS Commerce by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker's stock valued at $852,032,000 after purchasing an additional 67,687 shares in the last quarter. FMR LLC raised its holdings in SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock valued at $261,235,000 after buying an additional 742,686 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock worth $107,045,000 after buying an additional 138,014 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SPS Commerce by 99.3% during the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock worth $93,286,000 after acquiring an additional 252,575 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of SPS Commerce by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after acquiring an additional 16,272 shares during the last quarter. Institutional investors own 98.96% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock worth $6,613,078 over the last 90 days. Corporate insiders own 0.98% of the company's stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. DA Davidson lowered their target price on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup decreased their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird dropped their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.89.

SPS Commerce Stock Performance

Shares of SPSC traded up $6.51 during trading hours on Thursday, reaching $139.03. 591,425 shares of the company traded hands, compared to its average volume of 234,552. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61. The stock has a market cap of $5.29 billion, a P/E ratio of 68.15 and a beta of 0.89. The stock's fifty day moving average is $132.22 and its 200 day moving average is $167.14.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The software maker reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.10). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, equities research analysts predict that SPS Commerce, Inc. will post 2.73 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.