SPS Commerce, Inc. (NASDAQ:SPSC) Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 383.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,047 shares of the software maker's stock after purchasing an additional 15,105 shares during the period. Jump Financial LLC owned approximately 0.05% of SPS Commerce worth $3,504,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Hurley Capital LLC acquired a new position in SPS Commerce during the 4th quarter worth approximately $41,000. Blue Trust Inc. grew its holdings in SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after acquiring an additional 84 shares in the last quarter. R Squared Ltd acquired a new position in SPS Commerce during the 4th quarter worth approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler lowered their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. DA Davidson cut their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus cut their target price 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $199.89.

SPS Commerce Trading Up 4.7 %

Shares of NASDAQ:SPSC traded up $6.07 during trading on Wednesday, hitting $135.79. 96,145 shares of the stock were exchanged, compared to its average volume of 232,047. The company has a fifty day moving average price of $132.50 and a two-hundred day moving average price of $167.38. The company has a market cap of $5.16 billion, a PE ratio of 66.56 and a beta of 0.89. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly 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%. Equities research analysts anticipate 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, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 sale, the chief executive officer now owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,864 shares of company stock valued at $6,613,078. 0.98% of the stock is owned by corporate insiders.

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.