Smartleaf Asset Management LLC Purchases 466 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Smartleaf Asset Management LLC raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 57.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,284 shares of the software maker’s stock after buying an additional 466 shares during the quarter. Smartleaf Asset Management LLC’s holdings in SPS Commerce were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Fisher Asset Management LLC increased its stake in SPS Commerce by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 265,326 shares of the software maker’s stock valued at $48,817,000 after acquiring an additional 5,043 shares during the period. Mutual of America Capital Management LLC boosted its holdings in SPS Commerce by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 110 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $257,000. Proficio Capital Partners LLC acquired a new position in shares of SPS Commerce in the 4th quarter worth approximately $14,083,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of SPS Commerce by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,875 shares of the software maker’s stock worth $1,633,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler lowered their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock 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 report on Monday, January 27th. Needham & Company LLC dropped their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Robert W. Baird decreased their price objective 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. Finally, 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 report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Trading Up 1.3 %

SPS Commerce stock opened at $133.83 on Thursday. The firm has a market capitalization of $5.06 billion, a P/E ratio of 65.60 and a beta of 0.88. The business has a 50-day moving average of $171.81 and a 200-day moving average of $183.37. SPS Commerce, Inc. has a 1 year low of $130.36 and a 1 year high of $218.61.

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 the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. Research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the transaction, the chief financial officer now directly owns 156,292 shares in the company, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 1,367,584 shares of the company’s stock, 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. Insiders have sold a total of 43,695 shares of company stock valued at $7,781,086 over the last 90 days. 1.00% of the stock is owned by company insiders.

SPS Commerce Company 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.