Semanteon Capital Management LP Buys New Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Semanteon Capital Management LP acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,003 shares of the software maker's stock, valued at approximately $1,472,000. SPS Commerce makes up 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 14th largest position.

Several other institutional investors have also recently made changes to their positions in SPSC. Advisors Asset Management Inc. boosted its holdings in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after purchasing an additional 100 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the fourth quarter valued at approximately $40,000. Blue Trust Inc. lifted its holdings in SPS Commerce by 49.1% during 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 during the period. R Squared Ltd purchased a new position in SPS Commerce in the fourth quarter worth $57,000. Finally, Arcadia Investment Management Corp MI bought a new position in SPS Commerce in the 4th quarter valued at $57,000. Institutional investors own 98.96% of the company's stock.

Wall Street Analyst Weigh In

SPSC has been the subject of several research reports. Citigroup reduced their price target 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. Robert W. Baird lowered their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC dropped their price objective on SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Northland Securities reissued a "market perform" rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Piper Sandler dropped their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average price target of $207.11.

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SPS Commerce Price Performance

Shares of SPS Commerce stock traded down $0.31 during trading hours on Tuesday, reaching $135.00. The company had a trading volume of 410,084 shares, compared to its average volume of 211,475. The firm has a market cap of $5.10 billion, a PE ratio of 66.18 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. The business has a fifty day simple moving average of $156.37 and a 200 day simple moving average of $176.80.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 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%. On average, research analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total transaction of $597,717.78. Following the transaction, the chief financial officer now owns 2,442,968 shares of the company's stock, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is owned by company insiders.

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.