SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 265,326 shares of the software maker’s stock after purchasing an additional 5,043 shares during the quarter. Fisher Asset Management LLC’s holdings in SPS Commerce were worth $48,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPSC. Mutual of America Capital Management LLC lifted its stake in SPS Commerce by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 110 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of SPS Commerce during the 4th quarter worth $257,000. Proficio Capital Partners LLC acquired a new position in shares of SPS Commerce during the fourth quarter worth $14,083,000. Oregon Public Employees Retirement Fund increased its holdings in SPS Commerce by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,875 shares of the software maker’s stock valued at $1,633,000 after buying an additional 117 shares during the last quarter. Finally, Amalgamated Bank raised its stake in SPS Commerce by 0.6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock valued at $2,025,000 after buying an additional 61 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

Shares of SPSC stock opened at $133.20 on Monday. The business’s fifty day moving average price is $174.04 and its 200 day moving average price is $184.35. The firm has a market capitalization of $5.03 billion, a PE ratio of 65.29 and a beta of 0.88. SPS Commerce, Inc. has a 1-year low of $131.31 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPSC shares. Robert W. Baird decreased their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Northland Securities restated a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Needham & Company LLC dropped their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,695 shares of company stock valued at $7,781,086. Corporate insiders own 1.00% of the company’s stock.

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.