DF Dent & Co. Inc. Decreases Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

DF Dent & Co. Inc. cut its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,563 shares of the software maker's stock after selling 4,328 shares during the period. DF Dent & Co. Inc. owned 0.33% of SPS Commerce worth $22,550,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Huntington National Bank lifted its position in SPS Commerce by 68.1% during the 4th quarter. Huntington National Bank now owns 748 shares of the software maker's stock worth $138,000 after acquiring an additional 303 shares during the period. Headlands Technologies LLC raised its holdings in shares of SPS Commerce by 31.1% in the 4th quarter. Headlands Technologies LLC now owns 3,687 shares of the software maker's stock worth $678,000 after purchasing an additional 875 shares during the period. Franklin Resources Inc. grew its stake in shares of SPS Commerce by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 478,714 shares of the software maker's stock valued at $88,079,000 after buying an additional 45,913 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of SPS Commerce by 9.6% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,933 shares of the software maker's stock worth $3,299,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its stake in SPS Commerce by 1.8% during the 4th quarter. Axiom Investors LLC DE now owns 88,783 shares of the software maker's stock valued at $16,335,000 after acquiring an additional 1,580 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPSC. 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 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 on the stock in a research note on Monday, January 27th. Stifel Nicolaus lowered their price target on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Robert W. Baird dropped their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Wednesday, March 26th. Five 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.com, SPS Commerce has an average rating of "Moderate Buy" and a consensus price target of $207.11.

Insiders Place Their Bets

In related news, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 4,034 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total transaction of $597,717.78. Following the completion of the transaction, the chief financial officer now owns 2,442,968 shares of the company's stock, valued at approximately $361,974,568.56. The trade was a 0.16 % 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 valued at $6,613,078 in the last quarter. Insiders own 1.00% of the company's stock.

SPS Commerce Trading Up 1.6 %

NASDAQ SPSC traded up $1.94 during trading hours on Tuesday, hitting $125.22. The company's stock had a trading volume of 166,091 shares, compared to its average volume of 227,113. SPS Commerce, Inc. has a 52 week low of $121.52 and a 52 week high of $218.61. The company has a market capitalization of $4.76 billion, a PE ratio of 61.63 and a beta of 0.89. The company's 50-day simple moving average is $144.58 and its two-hundred day simple moving average is $172.76.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings data 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 net margin of 12.08% and a return on equity of 12.27%. Research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

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.