Franklin Resources Inc. Has $88.08 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Franklin Resources Inc. grew its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 478,714 shares of the software maker's stock after purchasing an additional 45,913 shares during the period. Franklin Resources Inc. owned approximately 1.27% of SPS Commerce worth $88,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG lifted its holdings in SPS Commerce by 9.6% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,933 shares of the software maker's stock worth $3,299,000 after purchasing an additional 1,565 shares during the period. Axiom Investors LLC DE boosted its holdings in shares of SPS Commerce by 1.8% in the fourth quarter. Axiom Investors LLC DE now owns 88,783 shares of the software maker's stock valued at $16,335,000 after acquiring an additional 1,580 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of SPS Commerce by 121.8% during the fourth quarter. California Public Employees Retirement System now owns 150,011 shares of the software maker's stock valued at $27,601,000 after acquiring an additional 82,370 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in SPS Commerce by 24.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,276 shares of the software maker's stock worth $17,530,000 after purchasing an additional 18,620 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in SPS Commerce by 14.2% in the fourth quarter. Level Four Advisory Services LLC now owns 6,101 shares of the software maker's stock worth $1,123,000 after purchasing an additional 758 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms recently commented on SPSC. Robert W. Baird dropped their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Piper Sandler decreased their target price 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. Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Citigroup decreased their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a research note on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.11.

SPS Commerce Stock Performance

Shares of SPS Commerce stock traded down $3.38 on Monday, reaching $124.52. The stock had a trading volume of 215,816 shares, compared to its average volume of 225,543. The stock has a market cap of $4.74 billion, a P/E ratio of 60.97 and a beta of 0.89. SPS Commerce, Inc. has a fifty-two week low of $121.52 and a fifty-two week high of $218.61. The business's 50-day moving average price is $145.99 and its two-hundred day moving average price is $173.27.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results 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 return on equity of 12.27% and a net margin of 12.08%. As a group, equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares of the company's stock, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % 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 valued at $6,613,078 over the last quarter. 1.00% of the stock is owned by company insiders.

About SPS Commerce

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.