BNP Paribas Financial Markets Purchases 23,751 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

BNP Paribas Financial Markets grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 71.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,154 shares of the software maker’s stock after buying an additional 23,751 shares during the period. BNP Paribas Financial Markets owned 0.15% of SPS Commerce worth $11,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. increased its position in shares of 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 purchasing an additional 128 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in SPS Commerce in the second quarter worth about $30,000. Blue Trust Inc. increased its holdings in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Finally, DT Investment Partners LLC purchased a new stake in SPS Commerce during the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 0.3 %

NASDAQ:SPSC opened at $193.07 on Monday. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The stock’s 50-day moving average price is $186.56 and its 200-day moving average price is $191.20. The stock has a market capitalization of $7.25 billion, a PE ratio of 92.38 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, beating 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 business had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. Sell-side analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Friday, October 25th. Piper Sandler began coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective on the stock. Finally, Stifel Nicolaus raised their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.