SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lowered its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,368 shares of the software maker's stock after selling 585,971 shares during the quarter. APG Asset Management N.V. owned approximately 0.24% of SPS Commerce worth $15,879,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in SPS Commerce by 109.7% during the fourth quarter. FMR LLC now owns 1,419,831 shares of the software maker's stock worth $261,235,000 after purchasing an additional 742,686 shares during the last quarter. Norges Bank acquired a new stake in shares of SPS Commerce during the 4th quarter worth $81,543,000. JPMorgan Chase & Co. raised its position in shares of SPS Commerce by 99.3% in the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker's stock worth $93,286,000 after buying an additional 252,575 shares during the period. Franklin Resources Inc. boosted its holdings in SPS Commerce by 94.5% in the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker's stock valued at $84,747,000 after acquiring an additional 210,284 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in SPS Commerce during the fourth quarter valued at about $27,441,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Stock Up 0.3 %

Shares of SPS Commerce stock traded up $0.42 during trading hours on Tuesday, hitting $130.60. 48,583 shares of the company's stock traded hands, compared to its average volume of 230,928. SPS Commerce, Inc. has a twelve month low of $120.09 and a twelve month high of $218.61. The stock has a 50 day simple moving average of $136.81 and a 200-day simple moving average of $169.79. The company has a market cap of $4.97 billion, a PE ratio of 64.02 and a beta of 0.89.

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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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, equities research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the sale, the executive vice president now directly owns 22,570 shares of the company's stock, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at $28,864,006.56. This trade represents a 5.61 % 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 valued at $6,613,078 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SPSC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Northland Securities reissued a "market perform" rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Piper Sandler reduced their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird lowered their price target on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.89.

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.