SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Amundi

Amundi grew its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 199.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,534 shares of the software maker's stock after buying an additional 13,003 shares during the quarter. Amundi owned 0.05% of SPS Commerce worth $3,581,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in SPS Commerce during the 4th quarter worth approximately $40,000. Blue Trust Inc. raised its stake in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $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 business's stock in a transaction dated Wednesday, February 19th. The shares were 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 owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $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. Insiders have sold 37,864 shares of company stock worth $6,613,078 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup cut their price objective on 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 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. 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. Northland Securities restated a "market perform" rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Piper Sandler reduced their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research 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. According to MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $207.11.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded down $0.38 on Thursday, hitting $128.28. The company's stock had a trading volume of 387,878 shares, compared to its average volume of 208,636. The stock has a 50 day moving average of $160.42 and a 200-day moving average of $178.54. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 62.88 and a beta of 0.92. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61.

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.

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.