Charles Schwab Investment Management Inc. Buys 16,272 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Charles Schwab Investment Management Inc. raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 481,416 shares of the software maker’s stock after acquiring an additional 16,272 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.28% of SPS Commerce worth $88,576,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in SPS Commerce in the 4th quarter valued at about $40,000. Jones Financial Companies Lllp increased its holdings in shares of SPS Commerce by 706.9% during the fourth quarter. Jones Financial Companies Lllp now owns 823 shares of the software maker’s stock worth $151,000 after purchasing an additional 721 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of SPS Commerce by 57.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,284 shares of the software maker’s stock worth $236,000 after purchasing an additional 466 shares during the period. Fisher Asset Management LLC increased its holdings in shares of SPS Commerce by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 265,326 shares of the software maker’s stock worth $48,817,000 after purchasing an additional 5,043 shares during the period. Finally, Mutual of America Capital Management LLC increased its holdings in shares of SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after purchasing an additional 110 shares during the period. 98.96% of the stock is owned by institutional investors.

Insider Transactions at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the transaction, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This represents a 19.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,695 shares of company stock worth $7,781,086. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SPSC shares. Robert W. Baird lowered their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reduced their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Six 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 stock presently has an average rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $125.92 on Tuesday. SPS Commerce, Inc. has a fifty-two week low of $122.74 and a fifty-two week high of $218.61. The firm has a market capitalization of $4.76 billion, a P/E ratio of 61.73 and a beta of 0.92. The company’s 50 day moving average price is $168.40 and its two-hundred day moving average price is $182.02.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.