Fisher Asset Management LLC Increases Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Fisher Asset Management LLC grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,537 shares of the software maker's stock after purchasing an additional 15,514 shares during the quarter. Fisher Asset Management LLC owned about 0.22% of SPS Commerce worth $15,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of SPS Commerce during the fourth quarter valued at about $26,000. NBC Securities Inc. bought a new position in SPS Commerce in the third quarter worth approximately $35,000. CVA Family Office LLC acquired a new stake in SPS Commerce in the fourth quarter valued at approximately $44,000. RiverPark Advisors LLC acquired a new stake in SPS Commerce in the third quarter valued at approximately $42,000. Finally, Operose Advisors LLC bought a new stake in shares of SPS Commerce during the third quarter valued at approximately $46,000. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded up $6.56 during mid-day trading on Monday, reaching $188.97. 177,579 shares of the company's stock were exchanged, compared to its average volume of 181,161. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 103.26 and a beta of 0.81. The firm has a 50-day moving average price of $178.48 and a two-hundred day moving average price of $179.72. SPS Commerce, Inc. has a 52 week low of $149.98 and a 52 week high of $218.74.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $143.05 million. As a group, sell-side analysts forecast that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 5,197 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $187.44, for a total transaction of $974,125.68. Following the transaction, the chief financial officer now owns 153,518 shares of the company's stock, valued at approximately $28,775,413.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kimberly K. Nelson sold 5,197 shares of SPS Commerce stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $187.44, for a total value of $974,125.68. Following the completion of the transaction, the chief financial officer now owns 153,518 shares in the company, valued at $28,775,413.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 5,965 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $183.17, for a total transaction of $1,092,609.05. Following the sale, the chief financial officer now owns 147,553 shares in the company, valued at $27,027,283.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,019 shares of company stock valued at $5,186,345. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup started coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They set a "buy" rating and a $216.00 price target for the company. William Blair reiterated a "market perform" rating on shares of SPS Commerce in a research note on Thursday, April 25th. StockNews.com lowered SPS Commerce from a "buy" rating to a "hold" rating in a report on Friday, March 15th. Needham & Company LLC reissued a "buy" rating and issued a $205.00 price target on shares of SPS Commerce in a research report on Friday, April 26th. Finally, Robert W. Baird lifted their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, SPS Commerce currently 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.