Quantbot Technologies LP Takes Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Quantbot Technologies LP purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSCFree Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 2,651 shares of the software maker’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management purchased a new stake in SPS Commerce in the 2nd quarter worth about $210,000. JPMorgan Chase & Co. increased its stake in shares of SPS Commerce by 55.0% in the second quarter. JPMorgan Chase & Co. now owns 139,841 shares of the software maker’s stock valued at $26,858,000 after buying an additional 49,604 shares in the last quarter. Franklin Resources Inc. boosted its position in SPS Commerce by 549.0% in the 2nd quarter. Franklin Resources Inc. now owns 177,715 shares of the software maker’s stock valued at $34,132,000 after buying an additional 150,330 shares during the last quarter. US Bancorp DE increased its stake in SPS Commerce by 0.4% in the third quarter. US Bancorp DE now owns 59,860 shares of the software maker’s stock valued at $10,213,000 after purchasing an additional 219 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of SPS Commerce by 1.6% during the third quarter. Raymond James & Associates now owns 103,669 shares of the software maker’s stock worth $17,687,000 after acquiring an additional 1,612 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 12,907 shares of SPS Commerce stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $179.41, for a total value of $2,315,644.87. Following the completion of the sale, the chief financial officer now directly owns 157,251 shares in the company, valued at approximately $28,212,401.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Philip Soran sold 3,026 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $176.55, for a total transaction of $534,240.30. Following the sale, the director now owns 18,387 shares of the company’s stock, valued at $3,246,224.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 12,907 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was 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 in the company, valued at approximately $28,212,401.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,055 shares of company stock valued at $11,568,095. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SPSC. Northland Securities upgraded SPS Commerce from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $175.00 to $177.00 in a research note on Friday, October 27th. DA Davidson began coverage on SPS Commerce in a research report on Tuesday, November 14th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of SPS Commerce in a report on Thursday, January 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.17.

Get Our Latest Analysis on SPSC

SPS Commerce Trading Up 1.3 %

SPSC opened at $182.58 on Thursday. The company has a market cap of $6.70 billion, a P/E ratio of 108.68 and a beta of 0.82. SPS Commerce, Inc. has a 12 month low of $136.10 and a 12 month high of $198.35. The business’s 50-day moving average price is $184.92 and its 200-day moving average price is $176.30.

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.

Recommended Stories

Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSCFree Report).

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

Receive News & Ratings for SPS Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPS Commerce and related companies with MarketBeat.com's FREE daily email newsletter.