Semanteon Capital Management LP Takes Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Semanteon Capital Management LP acquired a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,003 shares of the software maker’s stock, valued at approximately $1,472,000. SPS Commerce comprises approximately 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC lifted its holdings in SPS Commerce by 0.3% during the 3rd quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after buying an additional 54 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of 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 acquiring an additional 58 shares in the last quarter. Amalgamated Bank lifted its stake in SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after purchasing an additional 61 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in SPS Commerce by 6.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock valued at $231,000 after purchasing an additional 71 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in 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. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of recent analyst reports. Piper Sandler dropped 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. Needham & Company LLC reduced their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note 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 reduced their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Northland Securities reiterated a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Stock Performance

Shares of SPSC opened at $128.28 on Friday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 62.88 and a beta of 0.92. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The company’s fifty day moving average is $158.23 and its two-hundred day moving average is $177.84.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share 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%. Sell-side analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the transaction, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,864 shares of company stock worth $6,613,078. Company insiders own 1.00% of the company’s stock.

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.