Olympiad Research LP Has $326,000 Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Olympiad Research LP lowered its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 29.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,773 shares of the software maker’s stock after selling 755 shares during the period. Olympiad Research LP’s holdings in SPS Commerce were worth $326,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in shares of SPS Commerce during the fourth quarter valued at about $57,000. Alberta Investment Management Corp acquired a new position in shares of SPS Commerce during the fourth quarter valued at about $1,446,000. New York State Common Retirement Fund raised its position in shares of SPS Commerce by 50.0% during the fourth quarter. New York State Common Retirement Fund now owns 62,284 shares of the software maker’s stock valued at $11,460,000 after buying an additional 20,760 shares during the last quarter. Truist Financial Corp raised its position in shares of SPS Commerce by 8.4% during the fourth quarter. Truist Financial Corp now owns 11,953 shares of the software maker’s stock valued at $2,199,000 after buying an additional 930 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of SPS Commerce by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 193,403 shares of the software maker’s stock valued at $35,584,000 after buying an additional 9,034 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the transaction, the chief financial officer now owns 147,002 shares in the company, valued at $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,695 shares of company stock worth $7,781,086. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of research analyst reports. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Robert W. Baird lowered their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. 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 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 note on Monday, January 27th. 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 note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

SPS Commerce Trading Down 1.6 %

Shares of SPS Commerce stock opened at $141.22 on Friday. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 69.23 and a beta of 0.88. SPS Commerce, Inc. has a 1-year low of $139.59 and a 1-year high of $218.61. The firm’s 50-day moving average price is $179.85 and its two-hundred day moving average price is $186.46.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data 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 return on equity of 12.27% and a net margin of 12.08%. As a group, equities research analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

SPS Commerce 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.