SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 92.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,500 shares of the software maker's stock after purchasing an additional 12,700 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of SPS Commerce worth $4,876,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in SPS Commerce by 109.7% during the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after purchasing an additional 742,686 shares during the period. Norges Bank acquired a new position in shares of SPS Commerce during the fourth quarter worth about $81,543,000. JPMorgan Chase & Co. boosted its position in shares of SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock worth $93,286,000 after buying an additional 252,575 shares during the period. Franklin Resources Inc. boosted its position in shares of SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock worth $84,747,000 after buying an additional 210,284 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of SPS Commerce in the fourth quarter worth about $27,441,000. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Up 1.2 %

NASDAQ:SPSC traded up $1.72 during trading hours on Monday, reaching $139.53. 583,212 shares of the stock were exchanged, compared to its average volume of 237,247. The firm has a 50 day simple moving average of $131.77 and a 200-day simple moving average of $165.57. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61. The stock has a market capitalization of $5.31 billion, a P/E ratio of 68.40 and a beta of 0.89.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on SPSC. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Stifel Nicolaus decreased their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. DA Davidson reduced their price target on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a report on Friday. Finally, Northland Securities reissued a "market perform" rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $198.11.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the sale, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,864 shares of company stock worth $6,613,078. 0.98% of the stock is currently owned by company insiders.

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.