SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Huntington National Bank

Huntington National Bank lifted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 68.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748 shares of the software maker’s stock after buying an additional 303 shares during the quarter. Huntington National Bank’s holdings in SPS Commerce were worth $138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPSC. SBI Securities Co. Ltd. purchased a new position in SPS Commerce during the fourth quarter valued at $40,000. Blue Trust Inc. lifted its stake in SPS Commerce by 49.1% in the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after buying an additional 84 shares in the last quarter. R Squared Ltd acquired a new stake in SPS Commerce in the 4th quarter worth about $57,000. Arcadia Investment Management Corp MI purchased a new stake in SPS Commerce during the 4th quarter worth approximately $57,000. Finally, Trust Co. of Vermont acquired a new position in shares of SPS Commerce during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the company’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 transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at $28,864,006.56. The trade was a 5.61 % 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 over the last 90 days. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Citigroup lowered their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a report on Wednesday, March 26th. Finally, Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Price Performance

Shares of NASDAQ SPSC opened at $127.90 on Friday. The company has a market capitalization of $4.83 billion, a P/E ratio of 62.70 and a beta of 0.92. The company has a 50 day simple moving average of $145.99 and a 200-day simple moving average of $173.40. SPS Commerce, Inc. has a 1 year low of $121.52 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its 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 return on equity of 12.27% and a net margin of 12.08%. As a group, research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

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.