Stratos Wealth Partners LTD. Sells 177 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Stratos Wealth Partners LTD. decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,493 shares of the software maker’s stock after selling 177 shares during the period. Stratos Wealth Partners LTD. owned about 0.05% of SPS Commerce worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SPSC. Blue Trust Inc. grew its holdings in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. lifted its position in shares of SPS Commerce by 129.9% during 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 in the last quarter. R Squared Ltd bought a new position in shares of SPS Commerce during the 4th quarter valued at approximately $57,000. Signaturefd LLC increased its holdings in SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after acquiring an additional 69 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after acquiring an additional 326 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $180.20 on Friday. The stock has a 50 day moving average price of $189.21 and a 200-day moving average price of $190.64. SPS Commerce, Inc. has a one year low of $160.58 and a one year high of $218.74. The company has a market capitalization of $6.77 billion, a P/E ratio of 86.22 and a beta of 0.88.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction that occurred 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 transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction that occurred 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 represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,940 shares of company stock worth $4,696,861 in the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Citigroup cut their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research report on Wednesday, January 15th. Robert W. Baird upped their price objective on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Piper Sandler started coverage on SPS Commerce in a research note on Monday, November 25th. They set a “neutral” rating and a $198.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.22.

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.