Dimensional Fund Advisors LP Raises Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Dimensional Fund Advisors LP raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 497,355 shares of the software maker’s stock after purchasing an additional 12,552 shares during the period. Dimensional Fund Advisors LP owned 1.34% of SPS Commerce worth $93,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPSC. Coldstream Capital Management Inc. purchased a new position in shares of SPS Commerce in the fourth quarter worth about $203,000. Parallel Advisors LLC boosted its holdings in shares of SPS Commerce by 52.9% during the 4th quarter. Parallel Advisors LLC now owns 338 shares of the software maker’s stock worth $66,000 after purchasing an additional 117 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $3,396,000. TFO Wealth Partners LLC increased its holdings in shares of SPS Commerce by 98,950.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,981 shares of the software maker’s stock valued at $388,000 after purchasing an additional 1,979 shares during the last quarter. Finally, Axiom Investors LLC DE increased its holdings in shares of SPS Commerce by 183.0% in the fourth quarter. Axiom Investors LLC DE now owns 130,556 shares of the software maker’s stock valued at $25,307,000 after purchasing an additional 84,420 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPSC shares. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, August 2nd. Craig Hallum lifted their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird increased their price target on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Northland Securities downgraded shares of SPS Commerce from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.25.

Insider Transactions at SPS Commerce

In related news, Director Philip Soran sold 3,285 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $200.06, for a total transaction of $657,197.10. Following the sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the sale, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip Soran sold 3,285 shares of SPS Commerce stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the transaction, the director now owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,675 shares of company stock valued at $1,551,735. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Stock Down 0.1 %

Shares of NASDAQ SPSC opened at $195.10 on Wednesday. The business’s 50 day moving average is $197.27 and its two-hundred day moving average is $188.91. SPS Commerce, Inc. has a 52-week low of $151.96 and a 52-week high of $218.74. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 106.61 and a beta of 0.82.

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

SPS Commerce 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.