Rhumbline Advisers Has $19.09 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Rhumbline Advisers lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 103,730 shares of the software maker’s stock after purchasing an additional 1,029 shares during the period. Rhumbline Advisers’ holdings in SPS Commerce were worth $19,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPSC. Blue Trust Inc. increased its holdings in SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. R Squared Ltd bought a new stake in SPS Commerce during the fourth quarter worth $57,000. Signaturefd LLC raised its position in SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after buying an additional 69 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock valued at $68,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Activity

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the transaction, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,695 shares of company stock worth $7,781,086 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several recent analyst reports. Needham & Company LLC reduced their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Robert W. Baird lowered their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup dropped their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Trading Down 1.6 %

SPSC opened at $141.22 on Friday. SPS Commerce, Inc. has a 12 month low of $139.59 and a 12 month high of $218.61. The company has a market cap of $5.31 billion, a PE ratio of 69.23 and a beta of 0.88. The company has a 50 day moving average of $179.85 and a 200 day moving average of $186.50.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

SPS Commerce 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.