Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in SPS Commerce, Inc. (SPSC)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 225.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,073 shares of the software maker’s stock after purchasing an additional 2,129 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SPS Commerce were worth $305,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SPSC. Harvest Fund Management Co. Ltd acquired a new stake in shares of SPS Commerce during the third quarter worth approximately $114,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in SPS Commerce in the third quarter valued at approximately $119,000. First Quadrant L P CA acquired a new stake in SPS Commerce in the third quarter valued at approximately $151,000. NumerixS Investment Technologies Inc acquired a new stake in SPS Commerce in the second quarter valued at approximately $156,000. Finally, Macquarie Group Ltd. lifted its stake in SPS Commerce by 223.7% in the second quarter. Macquarie Group Ltd. now owns 2,564 shares of the software maker’s stock valued at $188,000 after acquiring an additional 1,772 shares during the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.

NASDAQ SPSC opened at $82.71 on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 90.22, a price-to-earnings-growth ratio of 3.20 and a beta of 0.78. SPS Commerce, Inc. has a 12-month low of $47.52 and a 12-month high of $100.68.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, October 25th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $62.87 million during the quarter, compared to analysts’ expectations of $61.61 million. SPS Commerce had a net margin of 3.16% and a return on equity of 5.55%. Equities research analysts predict that SPS Commerce, Inc. will post 1.3 EPS for the current fiscal year.

In other news, CEO Archie C. Black sold 1,997 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $95.08, for a total value of $189,874.76. Following the completion of the sale, the chief executive officer now directly owns 92,321 shares in the company, valued at $8,777,880.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Archie C. Black sold 31,932 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $96.06, for a total transaction of $3,067,387.92. Following the completion of the sale, the chief executive officer now owns 122,256 shares of the company’s stock, valued at $11,743,911.36. The disclosure for this sale can be found here. Insiders sold 47,561 shares of company stock valued at $4,581,581 over the last 90 days. 2.80% of the stock is owned by corporate insiders.

A number of analysts have issued reports on SPSC shares. ValuEngine cut shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 21st. BidaskClub upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 18th. Oppenheimer lifted their target price on shares of SPS Commerce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Benchmark lifted their target price on shares of SPS Commerce to $98.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $106.00 target price for the company in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $90.56.

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SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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