Zions Bancorporation N.A. Has $2.97 Million Stock Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Zions Bancorporation N.A. grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 18.6% during the 4th quarter, Holdings Channel reports. The firm owned 16,122 shares of the software maker’s stock after buying an additional 2,531 shares during the period. Zions Bancorporation N.A.’s holdings in SPS Commerce were worth $2,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. raised its position in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in SPS Commerce in the fourth quarter worth approximately $40,000. Blue Trust Inc. boosted its stake in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after acquiring an additional 84 shares in the last quarter. R Squared Ltd bought a new position in shares of SPS Commerce during the 4th quarter worth about $57,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of SPS Commerce in the 4th quarter worth $57,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.2 %

Shares of SPS Commerce stock opened at $135.00 on Wednesday. SPS Commerce, Inc. has a 52 week low of $122.58 and a 52 week high of $218.61. The stock’s fifty day moving average is $156.37 and its two-hundred day moving average is $176.80. The company has a market capitalization of $5.10 billion, a PE ratio of 66.18 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (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, research analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the subject of a number of research analyst reports. Piper Sandler decreased their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Northland Securities reissued a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Citigroup cut their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Stifel Nicolaus decreased their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird decreased 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 report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction 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 sale, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares in the company, 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. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. Company insiders own 1.00% of the company’s stock.

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.