SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,417 shares of the software maker’s stock after selling 3,012 shares during the period. Hantz Financial Services Inc. owned about 0.17% of SPS Commerce worth $12,702,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in SPS Commerce by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,631 shares of the software maker’s stock valued at $1,676,000 after purchasing an additional 614 shares during the period. FORA Capital LLC grew its holdings in SPS Commerce by 27.4% in the third quarter. FORA Capital LLC now owns 4,707 shares of the software maker’s stock valued at $914,000 after purchasing an additional 1,013 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of SPS Commerce by 225.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 23,100 shares of the software maker’s stock valued at $4,485,000 after acquiring an additional 16,000 shares in the last quarter. Thematics Asset Management lifted its position in shares of SPS Commerce by 19.2% in the third quarter. Thematics Asset Management now owns 113,914 shares of the software maker’s stock valued at $22,119,000 after acquiring an additional 18,385 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of SPS Commerce by 71.1% in the third quarter. BNP Paribas Financial Markets now owns 57,154 shares of the software maker’s stock valued at $11,098,000 after acquiring an additional 23,751 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Stock Performance

Shares of SPS Commerce stock opened at $192.57 on Friday. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 92.14 and a beta of 0.84. The business’s 50 day moving average price is $186.60 and its 200 day moving average price is $191.28.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. On average, analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SPSC shares. Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research report on Friday, October 25th. Robert W. Baird raised their target price on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Piper Sandler started coverage on SPS Commerce in a research report on Monday. They issued a “neutral” rating and a $198.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.78.

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 6,839 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the sale, the chief executive officer now owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This trade 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 is available through the SEC website. 1.00% of the stock is owned by insiders.

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.