Charles Schwab Investment Management Inc. Purchases 115,522 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Charles Schwab Investment Management Inc. increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSCFree Report) by 38.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 419,612 shares of the software maker’s stock after buying an additional 115,522 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SPS Commerce were worth $71,590,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. increased its holdings in SPS Commerce by 38.5% during the third quarter. Atria Wealth Solutions Inc. now owns 3,438 shares of the software maker’s stock worth $587,000 after buying an additional 955 shares during the last quarter. Swiss National Bank increased its holdings in SPS Commerce by 1.0% during the third quarter. Swiss National Bank now owns 80,400 shares of the software maker’s stock worth $13,717,000 after buying an additional 800 shares during the last quarter. RiverPark Advisors LLC purchased a new stake in SPS Commerce during the third quarter worth about $42,000. J.P. Morgan Private Wealth Advisors LLC increased its holdings in SPS Commerce by 14.9% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,327 shares of the software maker’s stock worth $1,250,000 after buying an additional 950 shares during the last quarter. Finally, Moody Aldrich Partners LLC increased its holdings in SPS Commerce by 41.5% during the third quarter. Moody Aldrich Partners LLC now owns 60,077 shares of the software maker’s stock worth $10,250,000 after buying an additional 17,621 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Activity

In other news, Director Marty M. Reaume sold 3,285 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $190.61, for a total value of $626,153.85. Following the completion of the transaction, the director now directly owns 7,383 shares in the company, valued at $1,407,273.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Marty M. Reaume sold 3,285 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $190.61, for a total value of $626,153.85. Following the completion of the transaction, the director now directly owns 7,383 shares in the company, valued at $1,407,273.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 12,907 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the transaction, the chief financial officer now owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,029 shares of company stock worth $11,033,854. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SPSC shares. Northland Securities upgraded shares of SPS Commerce from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $175.00 to $177.00 in a report on Friday, October 27th. DA Davidson assumed coverage on shares of SPS Commerce in a research note on Tuesday, November 14th. They issued a “buy” rating and a $200.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of SPS Commerce in a research note on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.40.

Check Out Our Latest Analysis on SPSC

SPS Commerce Stock Down 4.7 %

SPSC opened at $201.14 on Tuesday. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 114.28 and a beta of 0.82. The firm has a 50-day moving average price of $186.13 and a 200-day moving average price of $176.79. SPS Commerce, Inc. has a twelve month low of $137.52 and a twelve month high of $218.74.

SPS Commerce Company Profile

(Free Report)

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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

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