B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 16,368 SPS Commerce, Inc. (NASDAQ:SPSC)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the third quarter, Holdings Channel reports. The fund purchased 16,368 shares of the software maker’s stock, valued at approximately $3,178,000.

Several other large investors have also recently made changes to their positions in SPSC. Pathstone Holdings LLC lifted its stake in SPS Commerce by 0.3% during the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after purchasing an additional 54 shares in the last quarter. Quest Partners LLC raised its holdings in shares of SPS Commerce by 85.8% in the 3rd quarter. Quest Partners LLC now owns 12,028 shares of the software maker’s stock valued at $2,335,000 after buying an additional 5,553 shares during the period. CIBC Asset Management Inc acquired a new position in SPS Commerce during the 3rd quarter worth about $210,000. Zions Bancorporation N.A. lifted its stake in SPS Commerce by 16.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 13,591 shares of the software maker’s stock worth $2,639,000 after acquiring an additional 1,959 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after acquiring an additional 172 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Price Performance

Shares of NASDAQ SPSC opened at $179.87 on Thursday. The business has a 50-day moving average of $186.75 and a two-hundred day moving average of $191.28. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 86.06 and a beta of 0.84. SPS Commerce, Inc. has a 1 year low of $160.58 and a 1 year high of $218.74.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Insider Activity

In other news, CEO Chadwick Collins sold 6,839 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Craig Hallum boosted their price target 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. Stifel Nicolaus increased their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Northland Securities lowered SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.63.

SPS Commerce Company 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.