SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Xponance Inc.

Xponance Inc. increased its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,717 shares of the software maker’s stock after buying an additional 284 shares during the quarter. Xponance Inc.’s holdings in SPS Commerce were worth $500,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce in the 4th quarter valued at $40,000. Blue Trust Inc. increased its stake in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in SPS Commerce during the 4th quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in SPS Commerce during the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Activity

In related news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm’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 completion of the transaction, the chief executive officer now directly 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 90 days, insiders sold 37,864 shares of company stock valued at $6,613,078. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPSC. Citigroup lowered their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Stifel Nicolaus dropped their price target 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. Northland Securities reissued 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. Needham & Company LLC dropped their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Trading Down 0.2 %

Shares of SPS Commerce stock opened at $135.00 on Wednesday. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The firm has a fifty day simple moving average of $156.37 and a 200-day simple moving average of $176.80. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 66.18 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last issued 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%. As a group, research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current 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.