Avantax Advisory Services Inc. Increases Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Avantax Advisory Services Inc. grew its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 15.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,706 shares of the software maker’s stock after buying an additional 1,041 shares during the period. Avantax Advisory Services Inc.’s holdings in SPS Commerce were worth $1,418,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in SPS Commerce during the fourth quarter worth about $40,000. Blue Trust Inc. raised its holdings in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares in the last quarter. R Squared Ltd purchased a new position in SPS Commerce during the fourth quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI purchased a new position in SPS Commerce during the fourth quarter worth about $57,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Price Performance

SPSC stock opened at $128.61 on Wednesday. The company’s 50 day simple moving average is $160.42 and its 200-day simple moving average is $178.54. The firm has a market capitalization of $4.86 billion, a PE ratio of 63.04 and a beta of 0.92. SPS Commerce, Inc. has a 12 month low of $122.58 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results 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%. As a group, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SPSC shares. Robert W. Baird cut their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Northland Securities restated a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Citigroup lowered their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Needham & Company LLC lowered their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock 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 MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $207.11.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,864 shares of company stock valued at $6,613,078. Company 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.