SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 15.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,749 shares of the software maker’s stock after acquiring an additional 5,306 shares during the period. BNP Paribas Financial Markets owned 0.10% of SPS Commerce worth $7,165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legal & General Group Plc grew its stake in SPS Commerce by 3.1% during the 3rd quarter. Legal & General Group Plc now owns 178,811 shares of the software maker’s stock worth $30,507,000 after buying an additional 5,454 shares during the last quarter. Royal Bank of Canada grew its stake in SPS Commerce by 0.3% during the 3rd quarter. Royal Bank of Canada now owns 291,115 shares of the software maker’s stock worth $49,668,000 after buying an additional 802 shares during the last quarter. Deutsche Bank AG grew its stake in SPS Commerce by 6.1% during the 3rd quarter. Deutsche Bank AG now owns 45,320 shares of the software maker’s stock worth $7,732,000 after buying an additional 2,601 shares during the last quarter. American Century Companies Inc. grew its stake in SPS Commerce by 2.8% during the 3rd quarter. American Century Companies Inc. now owns 399,863 shares of the software maker’s stock worth $68,221,000 after buying an additional 11,010 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in SPS Commerce by 4,691.6% during the 3rd quarter. Wellington Management Group LLP now owns 277,913 shares of the software maker’s stock worth $47,415,000 after buying an additional 272,113 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of research reports. Robert W. Baird raised their price target on SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Redburn Atlantic began coverage on SPS Commerce in a research note on Tuesday, May 14th. They issued a “buy” rating and a $220.00 target price on the stock. StockNews.com downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Citigroup lifted their target price on SPS Commerce from $213.00 to $222.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, William Blair reiterated a “market perform” rating on shares of SPS Commerce in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average price target of $200.29.

Read Our Latest Stock Analysis on SPSC

Insider Activity

In related news, Director James Burr Ramsey sold 6,567 shares of SPS Commerce stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $193.90, for a total transaction of $1,273,341.30. Following the completion of the transaction, the director now directly owns 14,728 shares of the company’s stock, valued at $2,855,759.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

SPSC opened at $188.75 on Thursday. The business has a 50 day simple moving average of $189.02 and a 200-day simple moving average of $184.69. The stock has a market capitalization of $6.99 billion, a P/E ratio of 103.14 and a beta of 0.85. SPS Commerce, Inc. has a 12 month low of $151.96 and a 12 month high of $218.74.

SPS Commerce (NASDAQ:SPSCGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.35 by $0.20. The business had revenue of $149.58 million during the quarter, compared to analysts’ expectations of $146.50 million. SPS Commerce had a return on equity of 12.06% and a net margin of 12.23%. Research analysts anticipate that SPS Commerce, Inc. will post 2.23 EPS for the current year.

About SPS Commerce

(Free Report)

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.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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