SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,101 shares of the software maker’s stock after buying an additional 758 shares during the quarter. Level Four Advisory Services LLC’s holdings in SPS Commerce were worth $1,123,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in SPS Commerce by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after acquiring an additional 67,687 shares during the last quarter. State Street Corp raised its holdings in shares of SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock valued at $280,398,000 after purchasing an additional 16,357 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of SPS Commerce by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock worth $182,287,000 after purchasing an additional 14,174 shares during the last quarter. FMR LLC grew its stake in shares of SPS Commerce by 18.3% during the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. Finally, Geneva Capital Management LLC increased its holdings in SPS Commerce by 31.1% in the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock valued at $107,045,000 after buying an additional 138,014 shares during the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now 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 through this link. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, 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 sold a total of 37,864 shares of company stock valued at $6,613,078 in the last ninety days. Insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

SPSC stock opened at $133.50 on Friday. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 65.44 and a beta of 0.92. The company has a fifty day moving average price of $152.14 and a 200 day moving average price of $175.44. SPS Commerce, Inc. has a 12 month low of $122.58 and a 12 month high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results 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 net margin of 12.08% and a return on equity of 12.27%. As a group, analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SPSC shares. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of SPS Commerce in a research report on Wednesday. Robert W. Baird lowered their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus cut their price objective on shares of 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 target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and an average price target of $207.11.

About SPS Commerce

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.