Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 91 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 8,020 shares of the software maker’s stock after buying an additional 91 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SPS Commerce were worth $1,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in shares of SPS Commerce by 94.5% during the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after purchasing an additional 210,284 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPS Commerce during the fourth quarter worth $27,441,000. Geneva Capital Management LLC increased its holdings in shares of SPS Commerce by 31.1% during the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after buying an additional 138,014 shares in the last quarter. FMR LLC lifted its stake in shares of SPS Commerce by 18.3% in the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after acquiring an additional 104,769 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of SPS Commerce by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after acquiring an additional 104,210 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,864 shares of company stock valued at $6,613,078. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on SPSC. Northland Securities reiterated a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Citigroup reduced their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Piper Sandler dropped their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reduced their price objective 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. Five equities research 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 an average target price of $207.11.

SPS Commerce Stock Down 0.2 %

SPSC stock opened at $135.00 on Wednesday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 66.18 and a beta of 0.92. The company’s fifty day simple moving average is $156.37 and its 200 day simple moving average is $176.80. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted 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%. Research analysts expect that SPS Commerce, Inc. will post 2.73 earnings per share 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.