Swiss National Bank Grows Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Swiss National Bank grew its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,900 shares of the software maker’s stock after purchasing an additional 600 shares during the period. Swiss National Bank’s holdings in SPS Commerce were worth $13,413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPSC. Franklin Resources Inc. raised its holdings in SPS Commerce by 94.5% during the third quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock worth $84,747,000 after purchasing an additional 210,284 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SPS Commerce during the 4th quarter valued at about $27,441,000. Geneva Capital Management LLC raised its position in SPS Commerce by 31.1% during the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after acquiring an additional 138,014 shares during the last quarter. FMR LLC lifted its holdings in shares of SPS Commerce by 18.3% in the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock valued at $131,481,000 after purchasing an additional 104,769 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after purchasing an additional 104,210 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Piper Sandler reduced their price objective 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 decreased 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 note on Monday, January 27th. Northland Securities reissued a “market perform” rating and issued a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Robert W. Baird reduced their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.11.

SPS Commerce Stock Up 0.0 %

SPSC opened at $128.66 on Thursday. The firm has a market capitalization of $4.86 billion, a P/E ratio of 63.07 and a beta of 0.92. The firm’s 50 day moving average is $160.42 and its 200-day moving average is $178.54. SPS Commerce, Inc. has a 52-week low of $122.58 and a 52-week high of $218.61.

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

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the 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 owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,864 shares of company stock valued at $6,613,078. Insiders own 1.00% of the company’s stock.

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.