SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,900 shares of the software maker’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank owned about 0.19% of SPS Commerce worth $13,413,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the fourth quarter worth $40,000. Blue Trust Inc. raised its stake in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after acquiring an additional 84 shares in the last quarter. R Squared Ltd purchased a new position in SPS Commerce in the fourth quarter valued at $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In related news, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. This trade represents a 0.19 % 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 the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SPSC shares. Stifel Nicolaus decreased their price objective 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 decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Northland Securities restated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Finally, Piper Sandler decreased their price objective 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Price Performance

Shares of NASDAQ:SPSC opened at $128.66 on Thursday. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The stock has a market cap of $4.86 billion, a P/E ratio of 63.07 and a beta of 0.92. The firm has a fifty day moving average price of $160.42 and a 200 day moving average price of $178.54.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Sell-side analysts expect 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.