Fisher Asset Management LLC Has $50.54 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Fisher Asset Management LLC grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 260,283 shares of the software maker’s stock after acquiring an additional 22,171 shares during the period. Fisher Asset Management LLC’s holdings in SPS Commerce were worth $50,539,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mather Group LLC. grew its stake in SPS Commerce by 800.0% in the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of SPS Commerce in the 2nd quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares during the period. Finally, DT Investment Partners LLC bought a new position in SPS Commerce in the second quarter valued at approximately $63,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

SPSC opened at $193.33 on Wednesday. The business’s 50-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 firm has a market capitalization of $7.26 billion, a PE ratio of 92.50 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The company had revenue of $163.69 million for the quarter, compared to analysts’ expectations of $160.30 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. On average, research analysts forecast that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPSC has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler started coverage on SPS Commerce in a report on Monday. They set a “neutral” rating and a $198.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Finally, Robert W. Baird increased their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Six research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.78.

Insider Buying and Selling at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.