Edgestream Partners L.P. Sells 4,215 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Edgestream Partners L.P. cut its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,542 shares of the software maker’s stock after selling 4,215 shares during the quarter. Edgestream Partners L.P. owned approximately 0.10% of SPS Commerce worth $6,907,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce in the fourth quarter valued at approximately $40,000. Blue Trust Inc. grew its position 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 purchasing an additional 84 shares during the last quarter. R Squared Ltd bought a new position in shares of SPS Commerce during the fourth quarter worth approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Down 0.8 %

Shares of SPS Commerce stock opened at $132.73 on Friday. The company has a market cap of $5.01 billion, a PE ratio of 65.06 and a beta of 0.88. The company has a 50 day moving average of $170.68 and a 200-day moving average of $183.03. SPS Commerce, Inc. has a 1-year low of $130.36 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data 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%. Research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,695 shares of company stock valued at $7,781,086. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Northland Securities reaffirmed 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. Stifel Nicolaus decreased their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Robert W. Baird decreased their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.