Integrated Quantitative Investments LLC Makes New $1.33 Million Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

Integrated Quantitative Investments LLC acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,200 shares of the software maker's stock, valued at approximately $1,325,000.

Several other large investors have also made changes to their positions in the business. Huntington National Bank increased its position in SPS Commerce by 68.1% in the 4th quarter. Huntington National Bank now owns 748 shares of the software maker's stock worth $138,000 after buying an additional 303 shares during the period. Headlands Technologies LLC grew its position in SPS Commerce by 31.1% in the 4th quarter. Headlands Technologies LLC now owns 3,687 shares of the software maker's stock worth $678,000 after purchasing an additional 875 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of SPS Commerce by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 478,714 shares of the software maker's stock worth $88,079,000 after purchasing an additional 45,913 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in SPS Commerce by 9.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,933 shares of the software maker's stock valued at $3,299,000 after acquiring an additional 1,565 shares during the period. Finally, Axiom Investors LLC DE lifted its position in shares of SPS Commerce by 1.8% in the 4th quarter. Axiom Investors LLC DE now owns 88,783 shares of the software maker's stock worth $16,335,000 after acquiring an additional 1,580 shares during the period. Institutional investors and hedge funds own 98.96% of the company's stock.

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Insider Activity

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares of the company's stock, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. 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 in the last 90 days. 1.00% of the stock is owned by company insiders.

SPS Commerce Trading Up 4.2 %

Shares of SPS Commerce stock traded up $5.06 during midday trading on Wednesday, reaching $126.67. The company had a trading volume of 128,138 shares, compared to its average volume of 332,738. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 62.09 and a beta of 0.89. SPS Commerce, Inc. has a 1-year low of $120.08 and a 1-year high of $218.61. The stock has a fifty day simple moving average of $141.77 and a 200 day simple moving average of $171.88.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.27% and a net margin of 12.08%. Sell-side analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SPSC shares. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research report on Wednesday, March 26th. Robert W. Baird dropped their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Northland Securities restated a "market perform" rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Piper Sandler lowered their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, SPS Commerce presently has an average rating of "Moderate Buy" and a consensus price target of $207.11.

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.