American Century Companies Inc. increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Rating) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,177 shares of the software maker's stock after acquiring an additional 32,472 shares during the quarter. American Century Companies Inc. owned approximately 0.81% of SPS Commerce worth $38,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CWM LLC grew its position in shares of SPS Commerce by 151.8% in the 1st quarter. CWM LLC now owns 214 shares of the software maker's stock worth $28,000 after buying an additional 129 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of SPS Commerce by 153.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 274 shares of the software maker's stock worth $39,000 after buying an additional 166 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of SPS Commerce by 437.3% during the first quarter. Quadrant Capital Group LLC now owns 317 shares of the software maker's stock valued at $42,000 after purchasing an additional 258 shares in the last quarter. Standard Family Office LLC bought a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $94,000. Finally, First Horizon Advisors Inc. boosted its position in shares of SPS Commerce by 602.4% during the fourth quarter. First Horizon Advisors Inc. now owns 892 shares of the software maker's stock valued at $126,000 after purchasing an additional 765 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

SPS Commerce Price Performance

SPSC stock opened at $124.68 on Monday. SPS Commerce, Inc. has a 1-year low of $96.41 and a 1-year high of $174.42. The business has a fifty day moving average price of $118.36 and a 200-day moving average price of $118.98. The stock has a market capitalization of $4.49 billion, a P/E ratio of 97.41 and a beta of 0.77.

Insider Transactions at SPS Commerce

In other news, Director Sven Wehrwein sold 1,000 shares of the business's stock in a transaction on Monday, August 15th. The stock was sold at an average price of $132.99, for a total value of $132,990.00. Following the completion of the transaction, the director now owns 17,684 shares in the company, valued at $2,351,795.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several research reports. Needham & Company LLC dropped their price target on SPS Commerce from $200.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, July 21st. Craig Hallum dropped their price target on SPS Commerce from $210.00 to $160.00 in a research report on Thursday, July 28th. Finally, StockNews.com upgraded SPS Commerce from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, SPS Commerce currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.50.

About SPS Commerce

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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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