4,239 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Bought by BIT Capital GmbH

BIT Capital GmbH purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,239 shares of the software maker’s stock, valued at approximately $780,000.

Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SPS Commerce during the third quarter valued at about $210,000. Advisors Asset Management Inc. increased its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in SPS Commerce by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker’s stock valued at $90,317,000 after acquiring an additional 8,186 shares in the last quarter. Citigroup Inc. lifted its position in shares of SPS Commerce by 56.3% in the 3rd quarter. Citigroup Inc. now owns 54,451 shares of the software maker’s stock worth $10,573,000 after acquiring an additional 19,618 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of SPS Commerce by 67.2% during the 3rd quarter. Cerity Partners LLC now owns 3,786 shares of the software maker’s stock worth $735,000 after purchasing an additional 1,522 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird reduced their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report 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. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a research report on Wednesday. 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, Northland Securities reissued a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the sale, the executive vice president now owns 22,570 shares of the company’s stock, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Price Performance

NASDAQ SPSC opened at $135.65 on Thursday. The stock’s 50 day simple moving average is $155.43 and its 200 day simple moving average is $176.44. SPS Commerce, Inc. has a one year low of $122.58 and a one year high of $218.61. The firm has a market cap of $5.12 billion, a PE ratio of 66.50 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 EPS 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 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.