EFG Asset Management North America Corp. Buys 7,193 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

EFG Asset Management North America Corp. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 59.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,371 shares of the software maker’s stock after purchasing an additional 7,193 shares during the period. EFG Asset Management North America Corp.’s holdings in SPS Commerce were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SPSC. Coldstream Capital Management Inc. increased its holdings in shares of SPS Commerce by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock worth $237,000 after purchasing an additional 58 shares during the period. Amalgamated Bank grew its position in SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after buying an additional 61 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its position in SPS Commerce by 6.0% during 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 in the last quarter. Blue Trust Inc. increased 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 worth $47,000 after acquiring an additional 84 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of SPS Commerce by 1.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock valued at $1,476,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a 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 research note on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of 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 cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Stifel Nicolaus lowered their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Moderate Buy” and an average price target of $207.11.

Insiders Place Their Bets

In other SPS Commerce news, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the sale, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares in the company, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their ownership of the stock. 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 quarter. Insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $135.31 on Tuesday. The business has a 50-day moving average of $156.37 and a 200 day moving average of $176.80. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The stock has a market capitalization of $5.11 billion, a PE ratio of 66.33 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last released 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%. Analysts anticipate 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.