Victory Capital Management Inc. Sells 4,323 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Victory Capital Management Inc. lessened its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,101 shares of the software maker's stock after selling 4,323 shares during the period. Victory Capital Management Inc.'s holdings in SPS Commerce were worth $2,226,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock valued at $88,576,000 after acquiring an additional 16,272 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of SPS Commerce in the fourth quarter worth $40,000. Jones Financial Companies Lllp grew its stake in shares of SPS Commerce by 706.9% in the fourth quarter. Jones Financial Companies Lllp now owns 823 shares of the software maker's stock worth $151,000 after purchasing an additional 721 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of SPS Commerce by 57.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,284 shares of the software maker's stock valued at $236,000 after purchasing an additional 466 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of SPS Commerce by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 265,326 shares of the software maker's stock valued at $48,817,000 after purchasing an additional 5,043 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company's stock.

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SPS Commerce Trading Up 1.4 %

SPSC stock traded up $1.85 during mid-day trading on Friday, reaching $130.13. 648,115 shares of the stock traded hands, compared to its average volume of 315,566. SPS Commerce, Inc. has a 52-week low of $122.58 and a 52-week high of $218.61. The stock's fifty day moving average is $158.23 and its 200-day moving average is $177.84. The company has a market cap of $4.92 billion, a P/E ratio of 63.79 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its quarterly 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 net margin of 12.08% and a return on equity of 12.27%. Equities research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Buying and Selling

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on SPSC shares. Citigroup lowered 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. Northland Securities reiterated a "market perform" rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Stifel Nicolaus cut their target price 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 decreased their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.