FORA Capital LLC Boosts Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

FORA Capital LLC lifted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 27.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,707 shares of the software maker’s stock after acquiring an additional 1,013 shares during the period. FORA Capital LLC’s holdings in SPS Commerce were worth $914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in SPS Commerce by 79.0% during the second quarter. SG Americas Securities LLC now owns 8,300 shares of the software maker’s stock valued at $1,562,000 after buying an additional 3,662 shares during the period. AXA S.A. increased its stake in shares of SPS Commerce by 19.4% in the 2nd quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock worth $5,530,000 after acquiring an additional 4,784 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in SPS Commerce during the 3rd quarter valued at about $3,178,000. Hsbc Holdings PLC boosted its stake in SPS Commerce by 448.2% during the second quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock worth $6,295,000 after acquiring an additional 27,376 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in SPS Commerce by 9,418.6% in the third quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock worth $1,885,000 after purchasing an additional 9,607 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the transaction, the chief executive officer now owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $192.57 on Friday. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 92.14 and a beta of 0.84. The business has a 50-day simple moving average of $186.66 and a two-hundred day simple moving average of $191.27. SPS Commerce, Inc. has a fifty-two week low of $160.58 and a fifty-two week high of $218.74.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm had revenue of $163.69 million during the quarter, compared to analysts’ expectations of $160.30 million. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts predict that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPSC. Stifel Nicolaus lifted their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler began coverage on SPS Commerce in a research note on Monday. They set a “neutral” rating and a $198.00 price objective for the company. Robert W. Baird increased their target price on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $220.78.

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.