AlphaQuest LLC Lowers Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

AlphaQuest LLC lessened its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 73.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,167 shares of the software maker’s stock after selling 8,861 shares during the quarter. AlphaQuest LLC’s holdings in SPS Commerce were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPSC. Amundi boosted its position in shares of SPS Commerce by 199.1% in the fourth quarter. Amundi now owns 19,534 shares of the software maker’s stock worth $3,581,000 after buying an additional 13,003 shares during the period. Vestmark Advisory Solutions Inc. boosted its position in shares of SPS Commerce by 6.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock worth $231,000 after buying an additional 71 shares during the period. Geneva Capital Management LLC boosted its position in shares of SPS Commerce by 31.1% in 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 during the period. Raymond James Financial Inc. purchased a new stake in shares of SPS Commerce in the fourth quarter worth about $27,441,000. Finally, Dana Investment Advisors Inc. boosted its position in shares of SPS Commerce by 6.2% in the fourth quarter. Dana Investment Advisors Inc. now owns 10,078 shares of the software maker’s stock worth $1,854,000 after buying an additional 587 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 0.5 %

Shares of NASDAQ SPSC opened at $126.51 on Wednesday. The stock’s 50 day moving average price is $167.25 and its two-hundred day moving average price is $181.53. SPS Commerce, Inc. has a 52-week low of $122.74 and a 52-week high of $218.61. The stock has a market capitalization of $4.78 billion, a P/E ratio of 62.02 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data 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%. On average, analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPSC shares. Needham & Company LLC reduced their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Robert W. Baird reduced their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Stifel Nicolaus reduced their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Northland Securities reissued a “market perform” rating and issued a $181.00 price target (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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Transactions at SPS Commerce

In other news, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the 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 owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,695 shares of company stock worth $7,781,086. 1.00% of the stock is currently owned by company insiders.

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.