2,103 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,103 shares of the software maker's stock, valued at approximately $387,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in SPS Commerce during the fourth quarter worth $81,543,000. JPMorgan Chase & Co. increased its holdings in SPS Commerce by 99.3% during the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock worth $93,286,000 after purchasing an additional 252,575 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of 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 purchasing an additional 210,284 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SPS Commerce in the fourth quarter valued at approximately $27,441,000. Finally, Geneva Capital Management LLC lifted its holdings in shares of SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock valued at $107,045,000 after purchasing an additional 138,014 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Stock Performance

NASDAQ:SPSC traded down $8.03 during trading hours on Thursday, reaching $129.63. The stock had a trading volume of 443,846 shares, compared to its average volume of 223,479. The stock has a market cap of $4.90 billion, a P/E ratio of 63.54 and a beta of 0.92. The stock has a 50 day simple moving average of $147.26 and a 200 day simple moving average of $173.99. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61.

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SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, equities analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SPSC. Piper Sandler dropped their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a research report on Wednesday, March 26th. Robert W. Baird cut their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Northland Securities reiterated a "market perform" rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $207.11.

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. Corporate insiders own 1.00% of the company's stock.

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.