Asset Management One Co. Ltd. Takes Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Asset Management One Co. Ltd. bought a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,383 shares of the software maker's stock, valued at approximately $628,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Advisors Asset Management Inc. lifted its position in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. R Squared Ltd bought a new position in SPS Commerce during the fourth quarter valued at $57,000. Signaturefd LLC lifted its position in SPS Commerce by 26.0% during the third quarter. Signaturefd LLC now owns 334 shares of the software maker's stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in SPS Commerce by 1,358.3% during the third quarter. Avior Wealth Management LLC now owns 350 shares of the software maker's stock valued at $68,000 after purchasing an additional 326 shares during the last quarter. Institutional investors own 98.96% of the company's stock.

SPS Commerce Stock Down 1.6 %

SPSC stock traded down $2.32 during trading on Friday, hitting $141.22. The company had a trading volume of 662,699 shares, compared to its average volume of 301,326. The firm has a market capitalization of $5.31 billion, a P/E ratio of 69.23 and a beta of 0.88. SPS Commerce, Inc. has a 52-week low of $139.59 and a 52-week high of $218.61. The company has a 50 day simple moving average of $179.85 and a 200-day simple moving average of $186.50.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 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 forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SPSC. Stifel Nicolaus lowered 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 report on Tuesday, February 11th. Citigroup lowered 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. Needham & Company LLC lowered their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company 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 research note on Tuesday, February 11th. Finally, Robert W. Baird reduced their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $207.11.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 5,831 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the transaction, the executive vice president now owns 23,833 shares of the company's stock, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm's 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 transaction, the chief financial officer now directly owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have 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.