SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 1.24% of SPS Commerce worth $90,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its position in shares of SPS Commerce by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock worth $242,437,000 after purchasing an additional 21,170 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SPS Commerce by 2.6% in the second 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. Geneva Capital Management LLC raised its holdings in shares of SPS Commerce by 0.5% in the third quarter. Geneva Capital Management LLC now owns 443,787 shares of the software maker’s stock worth $86,170,000 after acquiring an additional 1,994 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of SPS Commerce by 7.2% in the second quarter. Bank of New York Mellon Corp now owns 340,419 shares of the software maker’s stock valued at $64,053,000 after acquiring an additional 22,928 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SPS Commerce by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 220,341 shares of the software maker’s stock valued at $41,459,000 after acquiring an additional 2,060 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Down 0.0 %

Shares of SPSC stock opened at $193.33 on Wednesday. The company’s fifty day simple moving average is $186.64 and its 200-day simple moving average is $191.25. 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 $7.26 billion, a PE ratio of 92.14 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The business had revenue of $163.69 million during 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 company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. Equities research analysts expect that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler began coverage on shares of SPS Commerce in a report on Monday. They issued a “neutral” rating and a $198.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.