Norges Bank Acquires Shares of 443,191 SPS Commerce, Inc. (NASDAQ:SPSC)

Norges Bank bought a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 443,191 shares of the software maker’s stock, valued at approximately $81,543,000. Norges Bank owned approximately 1.18% of SPS Commerce as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Amica Retiree Medical Trust grew its stake in SPS Commerce by 19.4% during the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock worth $95,000 after buying an additional 84 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of SPS Commerce by 9.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 96,956 shares of the software maker’s stock worth $17,839,000 after acquiring an additional 8,743 shares in the last quarter. Amica Mutual Insurance Co. increased its holdings in SPS Commerce by 62.9% during the 4th quarter. Amica Mutual Insurance Co. now owns 6,017 shares of the software maker’s stock valued at $1,107,000 after purchasing an additional 2,324 shares in the last quarter. BIT Capital GmbH bought a new position in SPS Commerce in the 4th quarter valued at $780,000. Finally, JPMorgan Chase & Co. boosted its stake in SPS Commerce by 99.3% in the fourth quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock worth $93,286,000 after purchasing an additional 252,575 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 2.5 %

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

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of SPS Commerce in a report on Wednesday, March 26th. Robert W. Baird reduced their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. 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. Citigroup reduced their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, Stifel Nicolaus lowered their target price on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

Insider Buying and Selling

In related news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction 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. This trade represents a 30.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction dated 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 owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock valued at $6,613,078 in the last 90 days. 1.00% of the stock is owned by insiders.

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.