Alliancebernstein L.P. Has $117.75 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Alliancebernstein L.P. reduced its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 639,974 shares of the software maker’s stock after selling 45,687 shares during the quarter. Alliancebernstein L.P. owned about 1.70% of SPS Commerce worth $117,749,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in SPS Commerce in the 4th quarter valued at $40,000. Blue Trust Inc. raised its position in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after buying an additional 84 shares during the last quarter. R Squared Ltd bought a new stake in shares of SPS Commerce in the fourth quarter valued at about $57,000. Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce during the fourth quarter worth about $57,000. Finally, Trust Co. of Vermont bought a new position in SPS Commerce during the fourth quarter valued at about $69,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Price Performance

Shares of SPSC opened at $137.66 on Thursday. The company has a market capitalization of $5.20 billion, a P/E ratio of 67.48 and a beta of 0.92. SPS Commerce, Inc. has a one year low of $122.58 and a one year high of $218.61. The business’s 50 day simple moving average is $148.62 and its 200-day simple moving average is $174.30.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on SPSC shares. 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. Piper Sandler lowered their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a 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. Finally, Robert W. Baird cut their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

Insiders Place Their Bets

In related news, EVP Dan Juckniess sold 2,591 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value 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 $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company’s stock, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 in the last 90 days. 1.00% of the stock is currently owned by 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.