SPS Commerce, Inc. (NASDAQ:SPSC) Shares Purchased by Fmr LLC

FMR LLC raised its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 109.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,419,831 shares of the software maker's stock after purchasing an additional 742,686 shares during the quarter. FMR LLC owned about 3.78% of SPS Commerce worth $261,235,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce during the fourth quarter worth about $40,000. Hurley Capital LLC acquired a new stake in SPS Commerce during the 4th quarter valued at approximately $41,000. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 84 shares during the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce in the fourth quarter worth $57,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of SPS Commerce during the fourth quarter worth $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on SPSC. Piper Sandler lowered their price target 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. Northland Securities restated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Robert W. Baird reduced their price target on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. DA Davidson lowered their price objective on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $199.89.

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SPS Commerce Stock Performance

SPS Commerce stock traded up $0.57 during trading on Tuesday, reaching $130.75. The company had a trading volume of 206,846 shares, compared to its average volume of 231,541. The firm has a market capitalization of $4.97 billion, a PE ratio of 64.09 and a beta of 0.89. The firm's 50-day simple moving average is $135.82 and its 200 day simple moving average is $169.51. SPS Commerce, Inc. has a 1-year low of $120.09 and a 1-year high of $218.61.

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

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 2,840 shares of the 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 completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction on 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 sale, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,864 shares of company stock worth $6,613,078. Corporate 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.