Dimensional Fund Advisors LP Boosts Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Dimensional Fund Advisors LP boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 2.6% in the second quarter, Holdings Channel.com reports. The fund owned 497,355 shares of the software maker’s stock after buying an additional 12,552 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SPS Commerce were worth $93,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SPSC. Mather Group LLC. lifted its holdings in shares of SPS Commerce by 800.0% in the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of SPS Commerce in the second quarter valued at approximately $30,000. UMB Bank n.a. grew its position in shares of SPS Commerce by 224.7% during the first quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after acquiring an additional 164 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of SPS Commerce in the 1st quarter valued at $60,000. Finally, DT Investment Partners LLC purchased a new stake in SPS Commerce in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.1 %

Shares of SPSC opened at $195.10 on Wednesday. SPS Commerce, Inc. has a 52-week low of $151.96 and a 52-week high of $218.74. The company has a 50-day simple moving average of $197.27 and a 200-day simple moving average of $188.91. The company has a market capitalization of $7.22 billion, a PE ratio of 106.61 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPSC. Robert W. Baird raised their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Friday, August 2nd. Stifel Nicolaus upped their price target on SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, DA Davidson lifted their price objective on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $220.25.

Insiders Place Their Bets

In other news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Philip Soran sold 2,390 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $205.79, for a total transaction of $491,838.10. Following the completion of the sale, the director now directly owns 18,852 shares in the company, valued at approximately $3,879,553.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,675 shares of company stock worth $1,551,735. 1.00% of the stock is owned by corporate insiders.

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.