Amica Mutual Insurance Co. Acquires 2,324 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Amica Mutual Insurance Co. raised its stake in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 62.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,017 shares of the software maker's stock after purchasing an additional 2,324 shares during the quarter. Amica Mutual Insurance Co.'s holdings in SPS Commerce were worth $1,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in SPS Commerce in the third quarter valued at $210,000. Advisors Asset Management Inc. increased its position in shares of SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock valued at $34,000 after buying an additional 100 shares during the period. Charles Schwab Investment Management Inc. raised its stake in SPS Commerce by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker's stock worth $90,317,000 after buying an additional 8,186 shares in the last quarter. Citigroup Inc. boosted its position in SPS Commerce by 56.3% during the 3rd quarter. Citigroup Inc. now owns 54,451 shares of the software maker's stock valued at $10,573,000 after acquiring an additional 19,618 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in SPS Commerce by 67.2% during the 3rd quarter. Cerity Partners LLC now owns 3,786 shares of the software maker's stock valued at $735,000 after acquiring an additional 1,522 shares in the last quarter. Institutional investors own 98.96% of the company's stock.

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SPS Commerce Stock Performance

Shares of SPS Commerce stock traded down $2.31 during trading hours on Monday, hitting $131.20. The company's stock had a trading volume of 63,515 shares, compared to its average volume of 317,574. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61. The business has a 50 day moving average price of $152.14 and a two-hundred day moving average price of $175.44. The company has a market cap of $4.96 billion, a PE ratio of 64.29 and a beta of 0.92.

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

Analyst Ratings Changes

A number of research firms have recently commented on SPSC. Northland Securities restated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Piper Sandler reduced their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Robert W. Baird lowered their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $207.11.

Insider Activity at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the sale, the chief financial officer now directly owns 156,292 shares in the company, valued at $28,864,006.56. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 over the last 90 days. 1.00% of the stock is owned by corporate 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.