Fisher Asset Management LLC Buys 15,514 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Fisher Asset Management LLC boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 23.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,537 shares of the software maker’s stock after acquiring an additional 15,514 shares during the period. Fisher Asset Management LLC owned 0.22% of SPS Commerce worth $15,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. bought a new position in shares of SPS Commerce in the fourth quarter worth $26,000. NBC Securities Inc. acquired a new stake in SPS Commerce during the third quarter worth about $35,000. RiverPark Advisors LLC bought a new position in SPS Commerce in the 3rd quarter valued at about $42,000. CVA Family Office LLC acquired a new position in shares of SPS Commerce in the 4th quarter valued at approximately $44,000. Finally, Operose Advisors LLC bought a new stake in shares of SPS Commerce during the 3rd quarter worth approximately $46,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Trading Up 0.2 %

Shares of SPSC stock opened at $182.41 on Monday. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 99.68 and a beta of 0.81. The business’s 50-day moving average price is $178.39 and its 200-day moving average price is $179.55. SPS Commerce, Inc. has a 12 month low of $147.90 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 8th. The software maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%. The business had revenue of $144.97 million for the quarter, compared to the consensus estimate of $143.05 million. On average, sell-side analysts predict that SPS Commerce, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the transaction, the director now directly owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total transaction of $474,448.24. Following the completion of the sale, the director now directly owns 15,747 shares in the company, valued at $3,102,631.41. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Archie C. Black sold 8,723 shares of SPS Commerce stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $181.56, for a total transaction of $1,583,747.88. Following the transaction, the director now directly owns 71,852 shares of the company’s stock, valued at approximately $13,045,449.12. The disclosure for this sale can be found here. Insiders sold 28,019 shares of company stock worth $5,186,345 over the last three months. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on SPSC shares. Citigroup assumed coverage on shares of SPS Commerce in a research report on Wednesday, March 13th. They set a “buy” rating and a $216.00 price objective for the company. William Blair restated a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research report on Friday, April 26th. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Robert W. Baird raised their price target on shares of SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average price target of $196.57.

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.