Fisher Asset Management LLC Purchases 15,514 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Fisher Asset Management LLC increased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 23.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 82,537 shares of the software maker’s stock after buying an additional 15,514 shares during the quarter. Fisher Asset Management LLC’s holdings in SPS Commerce were worth $15,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SPSC. McGlone Suttner Wealth Management Inc. purchased a new position in shares of SPS Commerce during the fourth quarter worth approximately $26,000. NBC Securities Inc. bought a new position in shares of SPS Commerce during the 3rd quarter valued at $35,000. RiverPark Advisors LLC purchased a new position in SPS Commerce in the 3rd quarter worth $42,000. CVA Family Office LLC bought a new stake in SPS Commerce in the fourth quarter worth $44,000. Finally, Operose Advisors LLC purchased a new stake in SPS Commerce during the third quarter valued at about $46,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Sven Wehrwein sold 2,408 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the transaction, the director now owns 15,747 shares in the company, valued at $3,102,631.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO James J. Frome sold 2,825 shares of SPS Commerce stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $187.47, for a total transaction of $529,602.75. Following the completion of the transaction, the chief operating officer now directly owns 56,930 shares in the company, valued at $10,672,667.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,408 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the transaction, the director now directly owns 15,747 shares of the company’s stock, valued at approximately $3,102,631.41. The disclosure for this sale can be found here. Insiders have sold 28,019 shares of company stock worth $5,186,345 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

SPS Commerce Stock Up 0.2 %

NASDAQ:SPSC opened at $182.41 on Monday. The firm’s fifty day simple moving average is $178.39 and its 200 day simple moving average is $179.55. The stock has a market cap of $6.75 billion, a P/E ratio of 99.68 and a beta of 0.81. SPS Commerce, Inc. has a twelve month low of $147.90 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $144.97 million for the quarter, compared to analysts’ expectations of $143.05 million. On average, analysts expect that SPS Commerce, Inc. will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SPSC. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Friday, April 26th. Citigroup initiated coverage on SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 price target on the stock. Robert W. Baird increased their price objective on SPS Commerce from $172.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. StockNews.com downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, William Blair reissued a “market perform” rating on shares of SPS Commerce in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.57.

About SPS Commerce

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.