Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 225.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,073 shares of the software maker’s stock after buying an additional 2,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SPS Commerce were worth $305,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in SPS Commerce during the 3rd quarter valued at about $114,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in SPS Commerce during the 3rd quarter valued at about $119,000. First Quadrant L P CA acquired a new position in SPS Commerce during the 3rd quarter valued at about $151,000. NumerixS Investment Technologies Inc acquired a new position in SPS Commerce during the 2nd quarter valued at about $156,000. Finally, Macquarie Group Ltd. increased its stake in SPS Commerce by 223.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,564 shares of the software maker’s stock valued at $188,000 after buying an additional 1,772 shares during the period. 93.55% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on SPSC. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $106.00 price objective on the stock in a research note on Thursday, November 1st. BidaskClub cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. ValuEngine cut shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 21st. TheStreet raised shares of SPS Commerce from a “c+” rating to a “b-” rating in a research note on Friday, October 26th. Finally, First Analysis set a $86.00 price objective on shares of SPS Commerce and gave the stock a “neutral” rating in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $90.56.
Shares of SPSC opened at $82.71 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of 90.22, a price-to-earnings-growth ratio of 3.20 and a beta of 0.78. SPS Commerce, Inc. has a 12-month low of $47.52 and a 12-month high of $100.68.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 25th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $62.87 million for the quarter, compared to analysts’ expectations of $61.61 million. SPS Commerce had a net margin of 3.16% and a return on equity of 5.55%. Research analysts expect that SPS Commerce, Inc. will post 1.3 earnings per share for the current fiscal year.
In other news, CEO Archie C. Black sold 1,997 shares of SPS Commerce stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $95.08, for a total value of $189,874.76. Following the transaction, the chief executive officer now directly owns 92,321 shares of the company’s stock, valued at $8,777,880.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin J. Leestma sold 5,316 shares of SPS Commerce stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $99.35, for a total transaction of $528,144.60. Following the completion of the transaction, the director now directly owns 20,935 shares in the company, valued at $2,079,892.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,561 shares of company stock worth $4,581,581. 2.80% of the stock is currently owned by insiders.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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