Alliance Wealth Advisors LLC UT Raises Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Alliance Wealth Advisors LLC UT increased its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,179 shares of the software maker’s stock after buying an additional 275 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in SPS Commerce were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SPSC. AQR Capital Management LLC raised its position in SPS Commerce by 19.2% during the second quarter. AQR Capital Management LLC now owns 14,856 shares of the software maker’s stock worth $2,795,000 after acquiring an additional 2,391 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in SPS Commerce by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,716 shares of the software maker’s stock worth $4,086,000 after buying an additional 934 shares during the last quarter. Creative Planning grew its holdings in SPS Commerce by 28.9% in the second quarter. Creative Planning now owns 8,865 shares of the software maker’s stock valued at $1,668,000 after purchasing an additional 1,987 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of SPS Commerce in the 2nd quarter worth $517,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of SPS Commerce by 437.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,100 shares of the software maker’s stock valued at $1,336,000 after acquiring an additional 5,779 shares in the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $180.03 on Tuesday. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 86.14 and a beta of 0.88. The firm’s 50-day moving average is $189.66 and its 200-day moving average is $190.84.

Analyst Ratings Changes

SPSC has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research note on Wednesday, January 15th. Citigroup cut their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Piper Sandler began coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Stifel Nicolaus dropped their price target on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, Robert W. Baird increased their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Six investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.22.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,940 shares of company stock valued at $4,696,861. Corporate insiders own 1.00% of the company’s stock.

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.