Nebula Research & Development LLC Boosts Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Nebula Research & Development LLC grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 237.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,790 shares of the software maker's stock after acquiring an additional 6,893 shares during the quarter. Nebula Research & Development LLC's holdings in SPS Commerce were worth $1,801,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce during the fourth quarter worth $40,000. Hurley Capital LLC purchased a new stake in SPS Commerce in the fourth quarter valued at about $41,000. Blue Trust Inc. boosted its holdings in SPS Commerce by 49.1% in the fourth 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 purchased a new stake in shares of SPS Commerce during the fourth quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of SPS Commerce in the 4th quarter valued at approximately $57,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SPSC. Robert W. Baird boosted their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Friday. Citigroup reduced 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. Piper Sandler cut their price objective on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday. Finally, DA Davidson dropped 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. Four 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $198.11.

SPS Commerce Trading Down 0.9 %

Shares of SPSC opened at $137.81 on Friday. The firm has a market cap of $5.24 billion, a P/E ratio of 67.55 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. The stock's 50 day moving average is $131.91 and its two-hundred day moving average is $166.41.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. The company had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. During the same quarter in the previous year, the firm earned $0.86 EPS. Equities research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Buying and Selling at SPS Commerce

In related 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 value of $383,519.82. Following the completion of the transaction, the executive vice president now directly owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 4,034 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the transaction, the chief financial officer now owns 2,442,968 shares in the company, valued at $361,974,568.56. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,864 shares of company stock valued at $6,613,078 over the last quarter. 0.98% of the stock is currently owned by 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.

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