Avantax Advisory Services Inc. Boosts Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Avantax Advisory Services Inc. boosted its stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,706 shares of the software maker’s stock after acquiring an additional 1,041 shares during the period. Avantax Advisory Services Inc.’s holdings in SPS Commerce were worth $1,418,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SPSC. Victory Capital Management Inc. raised its stake in SPS Commerce by 33.4% during the third quarter. Victory Capital Management Inc. now owns 16,424 shares of the software maker’s stock worth $3,189,000 after purchasing an additional 4,115 shares during the period. KBC Group NV raised its stake in shares of SPS Commerce by 14.6% in the 3rd quarter. KBC Group NV now owns 1,076 shares of the software maker’s stock valued at $209,000 after acquiring an additional 137 shares during the period. Huntington National Bank raised its stake in shares of SPS Commerce by 63.0% in the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock valued at $86,000 after acquiring an additional 172 shares during the period. CIBC Asset Management Inc purchased a new position in shares of SPS Commerce in the 3rd quarter valued at $210,000. Finally, Pathstone Holdings LLC raised its stake in shares of SPS Commerce by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock valued at $3,820,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPSC. Robert W. Baird cut their target price on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Northland Securities reissued 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. Finally, Citigroup cut their target price 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.11.

Insiders Place Their Bets

In other news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated 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 transaction, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, 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 sold a total of 37,864 shares of company stock valued at $6,613,078 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Price Performance

Shares of SPSC stock opened at $128.61 on Wednesday. The firm has a market cap of $4.86 billion, a P/E ratio of 63.04 and a beta of 0.92. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The firm has a fifty day moving average of $160.42 and a two-hundred day moving average of $178.54.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share 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%. On average, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

SPS Commerce Company 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.