149,145 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 149,145 shares of the software maker's stock, valued at approximately $27,441,000. Raymond James Financial Inc. owned approximately 0.40% of SPS Commerce at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in SPS Commerce by 0.6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock valued at $2,025,000 after acquiring an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of SPS Commerce by 6.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker's stock worth $231,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. boosted its stake in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after purchasing an additional 84 shares in the last quarter. Amica Retiree Medical Trust increased its position in shares of SPS Commerce by 19.4% during the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker's stock valued at $95,000 after buying an additional 84 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in SPS Commerce by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker's stock worth $1,476,000 after buying an additional 91 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

SPS Commerce Trading Up 5.2 %

SPSC stock traded up $6.75 during trading on Wednesday, reaching $136.47. The stock had a trading volume of 67,313 shares, compared to its average volume of 231,932. The firm has a market cap of $5.19 billion, a PE ratio of 66.90 and a beta of 0.89. The stock's 50 day moving average is $132.50 and its two-hundred day moving average is $167.38. SPS Commerce, Inc. has a 52 week low of $120.09 and a 52 week high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued 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%. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Northland Securities reaffirmed a "market perform" rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Citigroup decreased their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a report on Wednesday, March 26th. Finally, Robert W. Baird lowered their price target on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Five investment 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, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average target price of $199.89.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the 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 completion of the sale, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 22,570 shares in the company, 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 37,864 shares of company stock valued at $6,613,078 over the last quarter. 0.98% of the stock is currently owned by company insiders.

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.