Barclays PLC Acquires 2,805 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Barclays PLC raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,192 shares of the software maker's stock after acquiring an additional 2,805 shares during the period. Barclays PLC owned about 0.18% of SPS Commerce worth $12,730,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in shares of SPS Commerce by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,894 shares of the software maker's stock worth $716,000 after purchasing an additional 135 shares in the last quarter. Synovus Financial Corp boosted its position in shares of SPS Commerce by 1.2% during the fourth quarter. Synovus Financial Corp now owns 9,430 shares of the software maker's stock valued at $1,735,000 after purchasing an additional 115 shares in the last quarter. Townsquare Capital LLC boosted its stake in SPS Commerce by 0.8% during the fourth quarter. Townsquare Capital LLC now owns 57,809 shares of the software maker's stock worth $10,636,000 after acquiring an additional 461 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in SPS Commerce by 464.7% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 49,858 shares of the software maker's stock worth $9,173,000 after acquiring an additional 41,029 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of SPS Commerce by 4.2% in the fourth quarter. Bessemer Group Inc. now owns 125,339 shares of the software maker's stock worth $23,059,000 after buying an additional 5,036 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on SPSC. Robert W. Baird upped their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Friday. DA Davidson reduced their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday. Northland Securities restated a "market perform" rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Finally, Piper Sandler cut their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and a consensus target price of $198.11.

SPS Commerce Price Performance

SPS Commerce stock traded down $1.25 during mid-day trading on Friday, reaching $137.78. The company had a trading volume of 445,023 shares, compared to its average volume of 235,906. The company has a market capitalization of $5.24 billion, a P/E ratio of 66.90 and a beta of 0.89. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61. The stock's 50-day simple moving average is $132.08 and its 200-day simple moving average is $166.79.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. During the same period in the prior year, the firm posted $0.86 EPS. On average, equities analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Activity

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 transaction of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the sale, the chief financial officer now directly owns 156,292 shares in the company, valued at $28,864,006.56. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,864 shares of company stock valued at $6,613,078. 0.98% of the stock is currently owned by insiders.

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.