Cibc World Markets Corp Acquires New Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Cibc World Markets Corp purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,527 shares of the software maker's stock, valued at approximately $649,000.

Other large investors have also recently bought and sold shares of the company. Pathstone Holdings LLC boosted its position in SPS Commerce by 0.3% in the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker's stock valued at $3,820,000 after buying an additional 54 shares in the last quarter. Coldstream Capital Management Inc. raised its position in SPS Commerce by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker's stock valued at $237,000 after purchasing an additional 58 shares during the last quarter. Amalgamated Bank boosted its stake in SPS Commerce by 0.6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock worth $2,025,000 after purchasing an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of SPS Commerce by 6.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock valued at $231,000 after buying an additional 71 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after buying an additional 84 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

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SPS Commerce Stock Performance

SPSC traded up $0.65 during trading on Wednesday, reaching $135.65. 299,805 shares of the company's stock were exchanged, compared to its average volume of 213,011. The company's fifty day moving average price is $155.43 and its 200-day moving average price is $176.44. The firm has a market capitalization of $5.12 billion, a PE ratio of 66.50 and a beta of 0.92. SPS Commerce, Inc. has a fifty-two week low of $122.58 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company's stock, valued at $28,864,006.56. The trade was a 5.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value 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. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on SPSC. Northland Securities reissued a "market perform" rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus decreased their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Piper Sandler dropped their price objective 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. Robert W. Baird reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $207.11.

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.