Wellington Management Group LLP Cuts Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Wellington Management Group LLP lowered its position in SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 231,325 shares of the software maker's stock after selling 29,018 shares during the period. Wellington Management Group LLP owned 0.62% of SPS Commerce worth $42,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock worth $12,890,000 after purchasing an additional 44,946 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SPS Commerce by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker's stock worth $88,576,000 after purchasing an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of SPS Commerce by 2.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker's stock worth $1,047,000 after purchasing an additional 110 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of SPS Commerce in the third quarter worth approximately $1,809,000. Finally, JPMorgan Chase & Co. raised its stake in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker's stock worth $49,404,000 after purchasing an additional 104,210 shares during the last quarter. Institutional investors own 98.96% of the company's stock.

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SPS Commerce Trading Down 5.2 %

SPSC traded down $7.02 during trading on Thursday, hitting $128.82. 45,585 shares of the company's stock traded hands, compared to its average volume of 229,649. The company's 50 day simple moving average is $139.84 and its two-hundred day simple moving average is $171.22. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 64.01 and a beta of 0.89. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. 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 report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of SPS Commerce in a report on Wednesday, March 26th. Northland Securities reissued 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. Finally, Robert W. Baird reduced their price objective on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, SPS Commerce presently has an average rating of "Moderate Buy" and a consensus target price of $207.11.

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the sale, the chief financial officer now directly owns 156,292 shares of the company's stock, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the firm'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 directly owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,864 shares of company stock valued at $6,613,078. 1.00% of the stock is owned by company insiders.

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.