SPS Commerce, Inc. (NASDAQ:SPSC) Holdings Raised by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,122 shares of the software maker's stock after purchasing an additional 2,531 shares during the quarter. Zions Bancorporation N.A.'s holdings in SPS Commerce were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

SPSC has been the subject of several analyst reports. 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 research report on Tuesday, February 11th. Northland Securities reiterated a "market perform" rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Citigroup decreased their price target on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Finally, Robert W. Baird decreased their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, SPS Commerce currently has a consensus rating of "Moderate Buy" and an average target price of $207.11.

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Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the sale, the chief financial officer now owns 147,002 shares in the company, valued at $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was 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 directly owns 22,570 shares of the company's stock, valued at $4,167,776.20. This represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock valued at $6,613,078 over the last three months. Company insiders own 1.00% of the company's stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded down $2.74 during trading hours on Friday, hitting $133.50. 272,430 shares of the company's stock traded hands, compared to its average volume of 220,890. The company's fifty day simple moving average is $152.14 and its two-hundred day simple moving average is $175.44. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 65.44 and a beta of 0.92. SPS Commerce, Inc. has a 52 week low of $122.58 and a 52 week high of $218.61.

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

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.