SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 34.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,600 shares of the software maker's stock after buying an additional 11,900 shares during the period. Oberweis Asset Management Inc. owned approximately 0.12% of SPS Commerce worth $8,574,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPSC. Barclays PLC grew its position in shares of SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after acquiring an additional 44,946 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SPS Commerce by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock worth $88,576,000 after acquiring an additional 16,272 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of SPS Commerce by 2.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock valued at $1,047,000 after purchasing an additional 110 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of SPS Commerce in the third quarter valued at approximately $1,809,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SPS Commerce by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker's stock worth $49,404,000 after purchasing an additional 104,210 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a report on Friday. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Northland Securities reissued a "market perform" rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Robert W. Baird increased their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Piper Sandler decreased 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 report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, SPS Commerce has a consensus rating of "Moderate Buy" and an average price target of $198.11.

SPS Commerce Stock Performance

Shares of SPSC stock traded up $0.63 during trading hours on Tuesday, reaching $140.16. The company had a trading volume of 144,255 shares, compared to its average volume of 236,927. The stock's fifty day simple moving average is $131.77 and its 200 day simple moving average is $165.57. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The company has a market capitalization of $5.33 billion, a P/E ratio of 68.80 and a beta of 0.89.

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

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the transaction, the chief financial officer now owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares of the company's stock, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 in the last quarter. Company insiders own 0.98% of the company's stock.

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.