Alliancebernstein L.P. Trims Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Alliancebernstein L.P. decreased its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 639,974 shares of the software maker's stock after selling 45,687 shares during the period. Alliancebernstein L.P. owned 1.70% of SPS Commerce worth $117,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of SPS Commerce in the 4th quarter valued at approximately $81,543,000. JPMorgan Chase & Co. lifted its holdings in shares of SPS Commerce by 99.3% during the fourth 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 during the period. Franklin Resources Inc. grew its position in SPS Commerce by 94.5% in the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock valued at $84,747,000 after buying an additional 210,284 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPS Commerce in the 4th quarter valued at $27,441,000. Finally, Geneva Capital Management LLC raised its position in SPS Commerce by 31.1% during the 4th quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock worth $107,045,000 after buying an additional 138,014 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded down $4.62 on Monday, hitting $123.28. The company's stock had a trading volume of 661,690 shares, compared to its average volume of 227,201. The stock has a 50 day moving average of $144.58 and a 200-day moving average of $172.76. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 60.43 and a beta of 0.89. SPS Commerce, Inc. has a 12-month low of $121.52 and a 12-month high of $218.61.

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SPS Commerce (NASDAQ:SPSC - Get Free Report) 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 return on equity of 12.27% and a net margin of 12.08%. Sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPSC has been the topic of several analyst reports. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Robert W. Baird dropped their target price on SPS Commerce from $188.00 to $175.00 and set a "neutral" 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 target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus cut their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday, March 26th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $207.11.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were 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 directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the sale, the chief financial officer now owns 2,442,968 shares of the company's stock, valued at approximately $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 over the last quarter. 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.