1 day Ago By ABMN Staff
Wells Fargo & Company MN lowered its position in shares of SPS Commerce, Inc. ( NASDAQ:SPSC – Free Report ) by 0.7% during the fourth quarter, Holdings Channel reports.
The fund owned 99,035 shares of the software maker’s stock after selling 650 shares during the quarter. Wells Fargo & Company MN’s holdings in SPS Commerce were worth $18,221,000 at the end of the most recent quarter. Several other hedge funds have also made changes to their positions in SPSC.
Coldstream Capital Management Inc. grew its position in SPS Commerce by 5.0% during the 3rd quarter.
Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after purchasing an additional 58 shares in the last quarter. Amalgamated Bank boosted its position in shares of SPS Commerce by 0.
6% in the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after buying an additional 61 shares during the period. Vestmark Advisory Solutions Inc.
grew its holdings in shares of SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc.
now owns 1,255 shares of the software maker’s stock valued at $231,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. raised its position in SPS Commerce by 49.
1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after buying an additional 84 shares during the period.
Finally, Amica Retiree Medical Trust lifted its stake in SPS Commerce by 19.4% in the 4th quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock worth $95,000 after acquiring an additional 84 shares in the last quarter.
Hedge funds and other institutional investors own 98.96% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts have weighed in on the company.
Robert W. Baird lowered their target price on SPS Commerce from $188.00 to $175.
00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday, March 26th.
Piper Sandler decreased their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th.
Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th.
Finally, Citigroup reduced their price objective 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.
Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.11.
SPS Commerce Price Performance SPS Commerce stock opened at $131.69 on Monday. SPS Commerce, Inc.
has a one year low of $120.09 and a one year high of $218.61.
The company’s fifty day moving average price is $137.85 and its two-hundred day moving average price is $170.22.
The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 64.55 and a beta of 0.
89. SPS Commerce ( NASDAQ:SPSC – Get Free Report ) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.
66 EPS for the quarter, missing analysts’ consensus estimates 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.
Insider Buying and Selling at SPS Commerce In related news, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.
68, for a total value of $1,715,677.20. Following the transaction, the chief financial officer now directly owns 156,292 shares in the company, valued at approximately $28,864,006.
56. This trade represents a 5.61 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available through this link . Also, EVP Dan Juckniess sold 2,591 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.
02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.
68. This represents a 0.19 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 37,864 shares of company stock worth $6,613,078 over the last 90 days. Insiders own 1.
00% of the company’s stock. SPS Commerce Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. ( NASDAQ:SPSC – Free Report ).
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