Vanguard Personalized Indexing Management LLC Grows Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Vanguard Personalized Indexing Management LLC increased its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 12.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,681 shares of the software maker’s stock after buying an additional 629 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SPS Commerce were worth $1,069,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SPSC. Norges Bank bought a new stake in shares of SPS Commerce in the 4th quarter worth about $74,977,000. Norden Group LLC increased its holdings in SPS Commerce by 2,034.7% in the first quarter. Norden Group LLC now owns 211,680 shares of the software maker’s stock valued at $39,138,000 after buying an additional 201,764 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in SPS Commerce during the fourth quarter valued at approximately $18,779,000. Axiom Investors LLC DE lifted its holdings in SPS Commerce by 183.0% during the 4th quarter. Axiom Investors LLC DE now owns 130,556 shares of the software maker’s stock worth $25,307,000 after buying an additional 84,420 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of SPS Commerce by 662.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 90,694 shares of the software maker’s stock worth $17,065,000 after acquiring an additional 78,805 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SPSC shares. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Craig Hallum lifted their price target on shares of SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their price objective on shares of SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Finally, DA Davidson lifted their target price on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.25.

SPS Commerce Stock Down 0.0 %

Shares of NASDAQ SPSC opened at $195.31 on Tuesday. The stock has a market cap of $7.23 billion, a P/E ratio of 106.73 and a beta of 0.82. The firm’s 50-day simple moving average is $197.55 and its 200 day simple moving average is $188.84. SPS Commerce, Inc. has a fifty-two week low of $151.96 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. During the same period in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.32 earnings per share for the current fiscal year.

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.