Quantbot Technologies LP Has $3.20 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Quantbot Technologies LP lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,364 shares of the software maker's stock after selling 3,310 shares during the quarter. Quantbot Technologies LP's holdings in SPS Commerce were worth $3,195,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPSC. Advisors Asset Management Inc. lifted its position in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after purchasing an additional 100 shares during the period. SBI Securities Co. Ltd. acquired a new position in SPS Commerce during the fourth quarter worth about $40,000. Blue Trust Inc. increased its holdings in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock valued at $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce during the 4th quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.

Insider Activity

In related news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of 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 trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the company's 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 completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock worth $6,613,078 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

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SPS Commerce Stock Up 0.1 %

NASDAQ:SPSC traded up $0.11 during trading hours on Tuesday, reaching $135.42. 256,482 shares of the company's stock were exchanged, compared to its average volume of 211,475. The company has a market capitalization of $5.12 billion, a P/E ratio of 66.38 and a beta of 0.92. The business's 50-day simple moving average is $156.37 and its two-hundred day simple moving average is $176.80. SPS Commerce, Inc. has a 12 month low of $122.58 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted 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%. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SPSC. Citigroup reduced their target price on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a report on Monday, January 27th. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Northland Securities reiterated a "market perform" rating and issued a $181.00 price target (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. Finally, Needham & Company LLC dropped their target price on SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has an average rating of "Moderate Buy" and an average target price of $207.11.

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.