BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,898 shares of the software maker’s stock after buying an additional 7,762 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.23% of SPS Commerce worth $16,679,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Mather Group LLC. grew its position in shares of SPS Commerce by 800.0% during the 2nd quarter. Mather Group LLC. now owns 144 shares of the software maker’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Opal Wealth Advisors LLC bought a new stake in SPS Commerce during the second quarter valued at about $30,000. Blue Trust Inc. increased its position in SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares during the period. Finally, DT Investment Partners LLC purchased a new position in shares of SPS Commerce during the 2nd quarter valued at about $63,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Price Performance

NASDAQ SPSC opened at $189.13 on Friday. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74. The business has a 50 day simple moving average of $186.64 and a two-hundred day simple moving average of $191.24. The stock has a market capitalization of $7.11 billion, a PE ratio of 90.49 and a beta of 0.84.

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, beating analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. During the same period last year, the firm posted $0.53 earnings per share. SPS Commerce’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, analysts anticipate that SPS Commerce, Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now 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 SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Needham & Company LLC restated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday, October 25th. Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Stifel Nicolaus boosted their price objective on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Northland Securities cut SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $205.00 to $209.00 in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.