KBC Group NV Buys 137 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

KBC Group NV lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,076 shares of the software maker’s stock after purchasing an additional 137 shares during the period. KBC Group NV’s holdings in SPS Commerce were worth $209,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of SPS Commerce by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after acquiring an additional 58,525 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of SPS Commerce by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock valued at $242,437,000 after purchasing an additional 21,170 shares during the period. Dimensional Fund Advisors LP boosted its holdings in SPS Commerce by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after buying an additional 12,552 shares during the period. Geneva Capital Management LLC grew its stake in SPS Commerce by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 443,787 shares of the software maker’s stock valued at $86,170,000 after buying an additional 1,994 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in SPS Commerce by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 340,419 shares of the software maker’s stock valued at $64,053,000 after acquiring an additional 22,928 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $179.87 on Thursday. The firm has a 50-day simple moving average of $186.75 and a 200-day simple moving average of $191.28. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The firm has a market cap of $6.76 billion, a P/E ratio of 86.06 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (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 net margin of 12.83% and a return on equity of 12.60%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, research analysts predict that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPSC shares. Stifel Nicolaus increased their price objective on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Friday, October 25th. DA Davidson increased their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Northland Securities downgraded SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the stock 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $223.63.

Insider Buying and Selling at SPS Commerce

In other news, CEO Chadwick Collins sold 6,839 shares of SPS Commerce stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $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 available through the SEC website. Company insiders own 1.00% of the company’s stock.

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.