Amundi Raises Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Amundi raised its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 199.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,534 shares of the software maker’s stock after buying an additional 13,003 shares during the quarter. Amundi owned approximately 0.05% of SPS Commerce worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SPSC. Victory Capital Management Inc. increased its holdings in shares of SPS Commerce by 33.4% in the third quarter. Victory Capital Management Inc. now owns 16,424 shares of the software maker’s stock valued at $3,189,000 after purchasing an additional 4,115 shares during the period. KBC Group NV increased its holdings in shares of SPS Commerce by 14.6% in the third quarter. KBC Group NV now owns 1,076 shares of the software maker’s stock valued at $209,000 after purchasing an additional 137 shares during the period. Huntington National Bank increased its holdings in shares of SPS Commerce by 63.0% in the third quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after purchasing an additional 172 shares during the period. CIBC Asset Management Inc acquired a new position in shares of SPS Commerce in the third quarter valued at approximately $210,000. Finally, Quest Partners LLC increased its holdings in shares of SPS Commerce by 85.8% in the third quarter. Quest Partners LLC now owns 12,028 shares of the software maker’s stock valued at $2,335,000 after purchasing an additional 5,553 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Activity

In other news, 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 value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the company’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 sale, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,695 shares of company stock worth $7,781,086 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC dropped their price objective on SPS Commerce from $230.00 to $210.00 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 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Robert W. Baird dropped their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Stock Performance

SPS Commerce stock opened at $129.43 on Monday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 63.45 and a beta of 0.92. SPS Commerce, Inc. has a fifty-two week low of $122.58 and a fifty-two week high of $218.61. The stock’s fifty day moving average is $162.61 and its two-hundred day moving average is $179.53.

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

SPS Commerce Company 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.