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

Fisher Asset Management LLC grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 9.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 260,283 shares of the software maker’s stock after buying an additional 22,171 shares during the period. Fisher Asset Management LLC owned approximately 0.69% of SPS Commerce worth $50,539,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SPSC. SG Americas Securities LLC raised its holdings in SPS Commerce by 79.0% in the 2nd quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after acquiring an additional 3,662 shares in the last quarter. AXA S.A. raised its stake in shares of SPS Commerce by 19.4% in the second quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock valued at $5,530,000 after purchasing an additional 4,784 shares in the last quarter. Hsbc Holdings PLC boosted its stake in SPS Commerce by 448.2% during the second quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock worth $6,295,000 after buying an additional 27,376 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in SPS Commerce in the 3rd quarter valued at $3,178,000. Finally, International Assets Investment Management LLC raised its stake in shares of SPS Commerce by 9,418.6% in the 3rd quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock valued at $1,885,000 after buying an additional 9,607 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $193.33 on Wednesday. The business has a fifty day moving average of $186.64 and a 200-day moving average of $191.25. The firm has a market cap of $7.26 billion, a PE ratio of 92.50 and a beta of 0.84. SPS Commerce, Inc. has a twelve month low of $160.58 and a twelve month high of $218.74.

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

Analyst Upgrades and Downgrades

SPSC has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Piper Sandler started coverage on SPS Commerce in a report on Monday. They set a “neutral” rating and a $198.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and a consensus target price of $220.78.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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.