SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 464.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,858 shares of the software maker's stock after acquiring an additional 41,029 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.13% of SPS Commerce worth $9,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC raised its holdings in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after buying an additional 16,272 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after buying an additional 110 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of SPS Commerce in the 3rd quarter worth about $1,809,000. Finally, JPMorgan Chase & Co. grew its stake in SPS Commerce by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker's stock valued at $49,404,000 after acquiring an additional 104,210 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. DA Davidson reduced their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird reduced their target price on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their price target on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Needham & Company LLC restated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $199.89.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the firm'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 transaction, the chief financial officer now owns 156,292 shares of the company's stock, valued at approximately $28,864,006.56. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,864 shares of company stock valued at $6,613,078. Company insiders own 1.00% of the company's stock.

SPS Commerce Trading Up 0.4 %

SPSC traded up $0.57 during midday trading on Tuesday, hitting $130.75. The company's stock had a trading volume of 206,846 shares, compared to its average volume of 231,793. SPS Commerce, Inc. has a 52-week low of $120.09 and a 52-week high of $218.61. The firm has a 50-day moving average price of $135.82 and a two-hundred day moving average price of $169.51. The firm has a market cap of $4.97 billion, a P/E ratio of 64.09 and a beta of 0.89.

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