SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 157.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,161 shares of the software maker’s stock after purchasing an additional 12,933 shares during the quarter. HighTower Advisors LLC’s holdings in SPS Commerce were worth $3,893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in shares of SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in SPS Commerce during the fourth quarter worth $40,000. Blue Trust Inc. increased its stake in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after acquiring an additional 84 shares during the last quarter. R Squared Ltd acquired a new stake in SPS Commerce during the fourth quarter worth $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce during the fourth quarter worth $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SPSC. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Needham & Company LLC cut their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Robert W. Baird cut their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus cut their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Trading Down 0.3 %

NASDAQ:SPSC opened at $128.28 on Friday. The firm has a market cap of $4.85 billion, a PE ratio of 62.88 and a beta of 0.92. The stock has a fifty day moving average price of $158.23 and a 200 day moving average price of $177.84. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its 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 net margin of 12.08% and a return on equity of 12.27%. Equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now directly owns 156,292 shares in the company, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the transaction, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,864 shares of company stock worth $6,613,078. Company insiders own 1.00% of the company’s stock.

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.