SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 16.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,648 shares of the software maker’s stock after purchasing an additional 227 shares during the quarter. Principal Securities Inc.’s holdings in SPS Commerce were worth $303,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after acquiring an additional 210,284 shares in the last quarter. FMR LLC grew its stake in shares of SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in SPS Commerce during the third quarter valued at approximately $17,128,000. Finally, Assenagon Asset Management S.A. lifted its stake in SPS Commerce by 58.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 186,344 shares of the software maker’s stock valued at $34,285,000 after purchasing an additional 69,029 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now directly owns 147,002 shares of the company’s stock, valued at $26,620,592.18. This represents a 5.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,695 shares of company stock valued at $7,781,086 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus decreased their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Piper Sandler dropped their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Trading Down 1.6 %

Shares of NASDAQ SPSC opened at $141.22 on Monday. SPS Commerce, Inc. has a one year low of $139.59 and a one year high of $218.61. The business has a 50-day moving average price of $179.85 and a two-hundred day moving average price of $186.44. The firm has a market capitalization of $5.33 billion, a PE ratio of 69.23 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (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 anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

About SPS Commerce

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.