Sei Investments Co. Grows Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Sei Investments Co. boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 121,078 shares of the software maker's stock after purchasing an additional 2,525 shares during the quarter. Sei Investments Co. owned about 0.32% of SPS Commerce worth $22,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its position in shares of SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker's stock valued at $280,398,000 after acquiring an additional 16,357 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of SPS Commerce by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker's stock worth $182,287,000 after purchasing an additional 14,174 shares in the last quarter. FMR LLC increased its holdings in shares of SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker's stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker's stock worth $107,045,000 after purchasing an additional 138,014 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SPS Commerce by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after purchasing an additional 16,272 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Remove Ads

SPS Commerce Stock Down 2.0 %

NASDAQ:SPSC traded down $2.74 during mid-day trading on Friday, hitting $133.50. 272,430 shares of the company traded hands, compared to its average volume of 220,890. The stock's fifty day moving average price is $152.14 and its 200-day moving average price is $175.44. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 65.44 and a beta of 0.92. SPS Commerce, Inc. has a one year low of $122.58 and a one year 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 analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction that occurred on Thursday, January 30th. The stock was 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 of the company's stock, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company's stock, valued at $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SPSC. Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective 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. Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Finally, Northland Securities reissued a "market perform" rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.11.

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.