Schroder Investment Management Group Reduces Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Schroder Investment Management Group trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 74.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327 shares of the software maker's stock after selling 3,823 shares during the quarter. Schroder Investment Management Group's holdings in SPS Commerce were worth $243,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SPSC. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the fourth quarter worth about $40,000. Blue Trust Inc. raised its holdings in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after acquiring an additional 84 shares during the last quarter. R Squared Ltd purchased a new position in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce in the fourth quarter worth approximately $57,000. Finally, Trust Co. of Vermont purchased a new stake in shares of SPS Commerce during the fourth quarter worth approximately $69,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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SPS Commerce Stock Performance

NASDAQ:SPSC traded down $0.02 during mid-day trading on Monday, hitting $131.68. 4,949 shares of the company's stock traded hands, compared to its average volume of 230,509. The firm's 50 day simple moving average is $137.85 and its 200 day simple moving average is $170.22. The company has a market cap of $5.01 billion, a PE ratio of 64.23 and a beta of 0.89. SPS Commerce, Inc. has a 1 year low of $120.09 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results 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 expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce 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 in the company, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock valued at $6,613,078 over the last quarter. Corporate insiders own 1.00% of the company's stock.

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.