SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Increased by LPL Financial LLC

LPL Financial LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,561 shares of the software maker's stock after purchasing an additional 5,353 shares during the quarter. LPL Financial LLC owned about 0.12% of SPS Commerce worth $8,674,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of SPS Commerce during the 4th quarter worth about $1,417,000. Hillsdale Investment Management Inc. grew its stake in SPS Commerce by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 30,680 shares of the software maker's stock worth $5,645,000 after buying an additional 200 shares during the period. Sei Investments Co. increased its position in shares of SPS Commerce by 2.1% in the fourth quarter. Sei Investments Co. now owns 121,078 shares of the software maker's stock worth $22,277,000 after acquiring an additional 2,525 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of SPS Commerce in the 4th quarter valued at $1,472,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of SPS Commerce by 4.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 13,087 shares of the software maker's stock valued at $2,408,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

Insider Buying and Selling

In related news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction dated 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 of the company's stock, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now directly 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 worth $6,613,078 over the last quarter. 1.00% of the stock is owned by company insiders.

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Analysts Set New Price Targets

SPSC has been the topic of several research reports. Robert W. Baird cut their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and issued a $210.00 price target on shares of SPS Commerce in a report on Wednesday, March 26th. Piper Sandler dropped their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities reissued a "market perform" rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of "Moderate Buy" and an average target price of $207.11.

SPS Commerce Stock Up 11.7 %

NASDAQ:SPSC traded up $14.23 during trading hours on Wednesday, reaching $135.84. 491,141 shares of the stock were exchanged, compared to its average volume of 230,284. The stock has a market capitalization of $5.17 billion, a P/E ratio of 66.59 and a beta of 0.89. The firm has a 50 day simple moving average of $139.84 and a 200-day simple moving average of $171.22. SPS Commerce, Inc. has a 52 week low of $119.75 and a 52 week high of $218.61.

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 (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, analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

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.