Mercer Global Advisors Inc. ADV Makes New $1.31 Million Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

Mercer Global Advisors Inc. ADV bought a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,143 shares of the software maker's stock, valued at approximately $1,314,000.

Several other institutional investors and hedge funds have also modified their holdings of SPSC. Barclays PLC lifted its stake in shares of SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker's stock valued at $12,890,000 after purchasing an additional 44,946 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock worth $88,576,000 after buying an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after acquiring an additional 110 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of SPS Commerce by 35.7% during the 4th quarter. Van ECK Associates Corp now owns 29,919 shares of the software maker's stock valued at $5,505,000 after acquiring an additional 7,871 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. raised its stake in shares of SPS Commerce by 75.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,000 shares of the software maker's stock valued at $1,288,000 after acquiring an additional 3,000 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the sale, the chief financial officer now owns 2,442,968 shares in the company, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,465 shares of company stock valued at $1,401,898 over the last quarter. 0.98% of the stock is owned by company insiders.

SPS Commerce Stock Down 0.8 %

SPS Commerce stock traded down $1.09 during trading hours on Friday, hitting $144.04. The stock had a trading volume of 181,498 shares, compared to its average volume of 241,244. The company has a 50-day moving average of $133.03 and a two-hundred day moving average of $162.42. SPS Commerce, Inc. has a fifty-two week low of $120.09 and a fifty-two week high of $218.61. The company has a market cap of $5.47 billion, a PE ratio of 70.61 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. SPS Commerce's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 earnings per share. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. DA Davidson lowered their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Northland Securities reissued a "market perform" rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, SPS Commerce currently has an average rating of "Moderate Buy" and an average price target of $198.11.

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.