SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 465,144 shares of the software maker’s stock after purchasing an additional 8,186 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SPS Commerce were worth $90,317,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in SPS Commerce by 800.0% during the second quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock worth $27,000 after acquiring an additional 128 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of SPS Commerce during the second quarter valued at approximately $30,000. Blue Trust Inc. raised its position in shares of 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 during the period. Advisors Asset Management Inc. boosted its position in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Finally, DT Investment Partners LLC acquired a new stake in SPS Commerce in the second quarter worth $63,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $193.33 on Wednesday. The company has a market capitalization of $7.26 billion, a PE ratio of 92.14 and a beta of 0.84. The stock has a fifty day moving average of $186.64 and a 200-day moving average of $191.25. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The business had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. SPS Commerce’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. As a group, research analysts forecast that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction on 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 transaction, the chief executive officer now owns 54,446 shares in the company, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPSC. Piper Sandler assumed coverage on shares of SPS Commerce in a report on Monday. They set a “neutral” rating and a $198.00 price target for the company. Robert W. Baird boosted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Stifel Nicolaus upped their target price 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.78.

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.