Geneva Capital Management LLC Increases Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Geneva Capital Management LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 581,801 shares of the software maker’s stock after acquiring an additional 138,014 shares during the quarter. SPS Commerce accounts for about 1.9% of Geneva Capital Management LLC’s holdings, making the stock its 18th biggest position. Geneva Capital Management LLC’s holdings in SPS Commerce were worth $107,045,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in SPS Commerce in the 4th quarter valued at approximately $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 purchased a new stake in SPS Commerce in the 4th quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in SPS Commerce in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Insider Transactions at SPS Commerce

In other 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kimberly K. Nelson sold 4,034 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at approximately $361,974,568.56. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,695 shares of company stock worth $7,781,086 in the last ninety days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Robert W. Baird reduced their target price 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. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Needham & Company LLC reduced their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Piper Sandler reduced their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Up 1.3 %

SPSC stock opened at $133.83 on Thursday. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 65.60 and a beta of 0.88. The business has a fifty day simple moving average of $171.81 and a 200-day simple moving average of $183.37. SPS Commerce, Inc. has a 52 week low of $130.36 and a 52 week high of $218.61.

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