Stephens Investment Management Group LLC Acquires 1,135 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Stephens Investment Management Group LLC grew its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 1.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 119,437 shares of the software maker’s stock after purchasing an additional 1,135 shares during the period. Stephens Investment Management Group LLC’s holdings in SPS Commerce were worth $21,975,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPSC. Barclays PLC increased its holdings in SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after purchasing an additional 44,946 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of SPS Commerce in the third quarter valued at about $3,178,000. Synovus Financial Corp bought a new position in shares of SPS Commerce during the third quarter worth about $1,809,000. JPMorgan Chase & Co. lifted its stake in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares during the period. Finally, State Street Corp boosted its holdings in SPS Commerce by 1.1% in the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after acquiring an additional 16,357 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC opened at $178.31 on Monday. The firm has a market cap of $6.70 billion, a P/E ratio of 85.32 and a beta of 0.88. SPS Commerce, Inc. has a 52-week low of $160.58 and a 52-week high of $218.74. The business’s 50 day simple moving average is $188.67 and its two-hundred day simple moving average is $190.13.

Insider Buying and Selling

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares of the company’s stock, valued at approximately $26,620,592.18. This trade represents a 5.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction that occurred 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 directly owns 22,570 shares of the company’s stock, valued at $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. Insiders have sold a total of 34,230 shares of company stock worth $6,379,187 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SPSC shares. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Piper Sandler started coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Robert W. Baird increased their price target on SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus decreased their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.22.

About SPS Commerce

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.