Edgestream Partners L.P. Sells 4,215 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Edgestream Partners L.P. lessened its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,542 shares of the software maker's stock after selling 4,215 shares during the quarter. Edgestream Partners L.P. owned 0.10% of SPS Commerce worth $6,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker's stock valued at $256,000 after purchasing an additional 55 shares during the last quarter. Van ECK Associates Corp boosted its position in SPS Commerce by 40.0% in the third quarter. Van ECK Associates Corp now owns 22,048 shares of the software maker's stock valued at $4,184,000 after buying an additional 6,300 shares in the last quarter. Olympiad Research LP grew its stake in shares of SPS Commerce by 13.3% during the third quarter. Olympiad Research LP now owns 2,528 shares of the software maker's stock worth $491,000 after buying an additional 297 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of SPS Commerce by 9.0% during the third quarter. Los Angeles Capital Management LLC now owns 21,893 shares of the software maker's stock worth $4,251,000 after buying an additional 1,808 shares in the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of SPS Commerce by 71.7% during the third quarter. Entropy Technologies LP now owns 1,916 shares of the software maker's stock worth $372,000 after buying an additional 800 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

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Wall Street Analyst Weigh In

SPSC has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on 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 lowered their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. 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, Needham & Company LLC dropped their price target on shares of SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.11.

Insider Activity

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the company's 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 transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now owns 156,292 shares of the company's stock, valued at $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,695 shares of company stock worth $7,781,086 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC traded up $0.59 during mid-day trading on Tuesday, hitting $126.51. The company had a trading volume of 252,319 shares, compared to its average volume of 306,376. SPS Commerce, Inc. has a one year low of $122.74 and a one year high of $218.61. The firm has a fifty day moving average price of $167.25 and a 200 day moving average price of $181.53. The company has a market capitalization of $4.78 billion, a PE ratio of 62.02 and a beta of 0.92.

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

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.