SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 448.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,484 shares of the software maker’s stock after acquiring an additional 27,376 shares during the period. Hsbc Holdings PLC owned about 0.09% of SPS Commerce worth $6,295,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in SPS Commerce by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after purchasing an additional 58,525 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of SPS Commerce by 2.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock valued at $230,950,000 after buying an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA grew its stake in SPS Commerce by 1.5% in the 1st quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock valued at $155,928,000 after acquiring an additional 12,397 shares during the period. William Blair Investment Management LLC increased its holdings in SPS Commerce by 2.9% in the 1st quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock worth $110,508,000 after acquiring an additional 17,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in SPS Commerce by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after acquiring an additional 12,552 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the sale, the director now directly owns 16,212 shares in the company, valued at $3,264,286.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Philip Soran sold 2,390 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the sale, the director now directly owns 18,852 shares in the company, valued at $3,879,553.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,675 shares of company stock valued at $1,551,735. 1.00% of the stock is currently owned by company insiders.

SPS Commerce Stock Down 0.0 %

Shares of SPSC opened at $195.31 on Tuesday. SPS Commerce, Inc. has a 52-week low of $151.96 and a 52-week high of $218.74. The stock has a fifty day simple moving average of $197.55 and a two-hundred day simple moving average of $188.84. The company has a market capitalization of $7.23 billion, a PE ratio of 106.73 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $153.60 million during the quarter, compared to analysts’ expectations of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. SPS Commerce’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several research analyst reports. DA Davidson lifted their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $205.00 to $209.00 in a research note on Monday, July 29th. Craig Hallum raised their target price on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird boosted their price target on SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and an average price target of $220.25.

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.