Bessemer Group Inc. Purchases 5,036 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Bessemer Group Inc. boosted its holdings in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 125,339 shares of the software maker's stock after purchasing an additional 5,036 shares during the quarter. Bessemer Group Inc. owned about 0.33% of SPS Commerce worth $23,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the 4th quarter worth approximately $40,000. Hurley Capital LLC purchased a new position in shares of SPS Commerce during the fourth quarter valued at approximately $41,000. Blue Trust Inc. boosted its position in 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 acquiring an additional 84 shares in the last quarter. R Squared Ltd bought a new position in shares of SPS Commerce in the 4th quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI bought a new stake in SPS Commerce in the fourth quarter worth $57,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Price Performance

Shares of SPSC traded down $1.09 during trading hours on Wednesday, hitting $129.66. 106,844 shares of the company were exchanged, compared to its average volume of 231,326. The firm has a fifty day simple moving average of $135.82 and a 200-day simple moving average of $169.51. SPS Commerce, Inc. has a one year low of $120.09 and a one year high of $218.61. The company has a market capitalization of $4.93 billion, a PE ratio of 63.56 and a beta of 0.89.

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SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SPSC shares. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a research note on Wednesday, March 26th. Northland Securities restated a "market perform" rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Stifel Nicolaus lowered their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Piper Sandler lowered their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup dropped their price target on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $199.89.

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction that occurred 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 directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock valued at $6,613,078 in the last 90 days. 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.