SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,260 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Handelsbanken Fonder AB’s holdings in SPS Commerce were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SPSC. Wellington Management Group LLP lifted its stake in SPS Commerce by 4,691.6% in the third quarter. Wellington Management Group LLP now owns 277,913 shares of the software maker’s stock valued at $47,415,000 after buying an additional 272,113 shares during the last quarter. Comerica Bank acquired a new position in shares of SPS Commerce during the third quarter valued at $23,356,000. Ameriprise Financial Inc. boosted its holdings in shares of SPS Commerce by 27.6% during the third quarter. Ameriprise Financial Inc. now owns 594,624 shares of the software maker’s stock valued at $101,449,000 after acquiring an additional 128,788 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of SPS Commerce by 38.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 419,612 shares of the software maker’s stock valued at $71,590,000 after acquiring an additional 115,522 shares during the period. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of SPS Commerce by 102.8% during the third quarter. Lord Abbett & CO. LLC now owns 184,992 shares of the software maker’s stock valued at $31,562,000 after acquiring an additional 93,795 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Up 5.6 %

SPSC stock opened at $178.96 on Friday. The company has a market capitalization of $6.64 billion, a P/E ratio of 97.79 and a beta of 0.79. The company has a 50-day simple moving average of $179.25 and a 200 day simple moving average of $179.04. SPS Commerce, Inc. has a fifty-two week low of $140.00 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.31%. The company had revenue of $144.97 million during the quarter, compared to the consensus estimate of $143.05 million. Equities analysts anticipate that SPS Commerce, Inc. will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several analyst reports. Citigroup initiated coverage on shares of SPS Commerce in a report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price target for the company. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday. Finally, Robert W. Baird upped their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.57.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now directly owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other SPS Commerce news, Director Archie C. Black sold 12,875 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $179.42, for a total value of $2,310,032.50. Following the completion of the sale, the director now directly owns 89,940 shares of the company’s stock, valued at approximately $16,137,034.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sven Wehrwein sold 2,408 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the sale, the director now owns 15,747 shares in the company, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. In the last three months, insiders sold 66,688 shares of company stock valued at $12,122,275. 1.00% of the stock is owned by insiders.

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.