Alberta Investment Management Corp Takes Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Alberta Investment Management Corp acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,857 shares of the software maker's stock, valued at approximately $1,446,000.

Several other large investors also recently made changes to their positions in SPSC. State Street Corp increased its position in SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker's stock worth $280,398,000 after buying an additional 16,357 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of SPS Commerce by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker's stock worth $242,437,000 after acquiring an additional 21,170 shares during the period. Geode Capital Management LLC increased its holdings in shares of SPS Commerce by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker's stock worth $182,287,000 after acquiring an additional 14,174 shares during the last quarter. FMR LLC raised its stake in SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker's stock valued at $131,481,000 after acquiring an additional 104,769 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in SPS Commerce by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker's stock valued at $90,317,000 after purchasing an additional 8,186 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

SPS Commerce Price Performance

SPS Commerce stock traded up $0.53 during mid-day trading on Tuesday, reaching $138.58. 111,383 shares of the company were exchanged, compared to its average volume of 297,930. The company has a fifty day simple moving average of $178.64 and a 200-day simple moving average of $186.01. The firm has a market cap of $5.23 billion, a PE ratio of 67.89 and a beta of 0.88. SPS Commerce, Inc. has a 12 month low of $136.04 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) 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%. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPSC has been the topic of several research reports. Robert W. Baird decreased their price objective 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. Piper Sandler decreased their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Citigroup cut 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 report on Monday, January 27th. 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 research report on Tuesday, February 11th. Finally, Needham & Company LLC lowered their target price on SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Six investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.11.

Insider Transactions 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 transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,695 shares of company stock valued at $7,781,086. Company insiders own 1.00% of the company's stock.

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.