Lbp Am Sa Makes New $1.85 Million Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

Lbp Am Sa purchased a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,034 shares of the software maker’s stock, valued at approximately $1,846,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after purchasing an additional 44,946 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock worth $88,576,000 after purchasing an additional 16,272 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of SPS Commerce during the 3rd quarter valued at about $3,178,000. Mutual of America Capital Management LLC boosted its position in shares of SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 110 shares in the last quarter. Finally, Synovus Financial Corp acquired a new stake in shares of SPS Commerce during the 3rd quarter valued at about $1,809,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SPS Commerce

In other news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce 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 completion of the sale, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the sale, the executive vice president now owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,695 shares of company stock worth $7,781,086 in the last quarter. 1.00% of the stock is owned by company insiders.

SPS Commerce Trading Up 5.2 %

Shares of NASDAQ SPSC opened at $129.43 on Friday. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The company has a market cap of $4.89 billion, a PE ratio of 63.45 and a beta of 0.92. The company has a 50-day moving average of $162.61 and a two-hundred day moving average of $179.65.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the topic of several recent research reports. Stifel Nicolaus decreased 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. Needham & Company LLC decreased 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. Piper Sandler decreased their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Citigroup decreased 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. Finally, Northland Securities reissued a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

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.