Van ECK Associates Corp Has $4.18 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Van ECK Associates Corp boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 40.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,048 shares of the software maker's stock after purchasing an additional 6,300 shares during the quarter. Van ECK Associates Corp owned about 0.06% of SPS Commerce worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of SPS Commerce by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker's stock worth $803,798,000 after purchasing an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in SPS Commerce by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker's stock valued at $242,437,000 after acquiring an additional 21,170 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of SPS Commerce by 2.9% during the first quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker's stock worth $110,508,000 after buying an additional 17,012 shares during the period. Dimensional Fund Advisors LP boosted its position in SPS Commerce by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker's stock worth $93,583,000 after acquiring an additional 12,552 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in SPS Commerce by 7.2% during the second quarter. Bank of New York Mellon Corp now owns 340,419 shares of the software maker's stock worth $64,053,000 after purchasing an additional 22,928 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction dated 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 transaction, the chief executive officer now owns 54,446 shares in the company, valued at $9,238,941.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SPSC shares. Craig Hallum increased their price objective on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Stifel Nicolaus increased their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a "buy" rating in a report on Friday, October 25th. Needham & Company LLC restated a "buy" rating and set a $230.00 target price on shares of SPS Commerce in a report on Friday, October 25th. Finally, Northland Capmk cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $223.63.

SPS Commerce Stock Performance

Shares of NASDAQ SPSC traded down $0.04 during trading hours on Friday, reaching $185.23. 245,541 shares of the stock were exchanged, compared to its average volume of 184,917. The stock's fifty day simple moving average is $188.03 and its 200 day simple moving average is $190.92. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 88.63 and a beta of 0.84. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 EPS 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 net margin of 12.83% and a return on equity of 12.60%. SPS Commerce's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. Research analysts predict 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.