SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 59.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,371 shares of the software maker's stock after purchasing an additional 7,193 shares during the quarter. EFG Asset Management North America Corp. owned about 0.05% of SPS Commerce worth $3,567,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Coldstream Capital Management Inc. increased its position in SPS Commerce by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker's stock worth $237,000 after buying an additional 58 shares during the period. Amalgamated Bank grew its position in shares of SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock worth $2,025,000 after acquiring an additional 61 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of SPS Commerce by 6.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock valued at $231,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its position in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in SPS Commerce by 1.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock worth $1,476,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

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SPS Commerce Stock Performance

SPS Commerce stock traded down $2.74 during midday trading on Friday, reaching $133.50. The company's stock had a trading volume of 272,430 shares, compared to its average volume of 220,890. The firm has a market capitalization of $5.04 billion, a PE ratio of 65.44 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. The stock's 50 day simple moving average is $152.14 and its 200 day simple moving average is $175.44.

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 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%. Equities analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday. Stifel Nicolaus reduced their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Piper Sandler decreased their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Citigroup dropped their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Finally, Robert W. Baird decreased 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, SPS Commerce presently has an average rating of "Moderate Buy" and a consensus target price of $207.11.

Insider Buying and Selling

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The stock was 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 of the company's stock, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock worth $6,613,078 in the last quarter. Company insiders own 1.00% of the company's stock.

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.