Postrock Partners LLC Purchases New Shares in SPS Commerce, Inc. (NASDAQ:SPSC)

by · The Cerbat Gem

Postrock Partners LLC acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,134 shares of the software maker’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after purchasing an additional 16,357 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of SPS Commerce by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock worth $182,287,000 after buying an additional 14,174 shares during the last quarter. FMR LLC grew 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 acquiring an additional 104,769 shares in the last quarter. Geneva Capital Management LLC increased its position in shares of SPS Commerce by 31.1% during the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock valued at $107,045,000 after acquiring an additional 138,014 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in SPS Commerce by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock worth $88,576,000 after acquiring an additional 16,272 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

View Our Latest Research Report on SPS Commerce

SPS Commerce Price Performance

Shares of SPSC stock opened at $123.05 on Friday. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61. The company’s fifty day simple moving average is $164.95 and its two-hundred day simple moving average is $180.65. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 60.32 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (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%. Equities research analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity at SPS Commerce

In related news, EVP Dan Juckniess sold 2,591 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the transaction, the executive vice president now directly owns 1,367,584 shares in the company, valued at $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the sale, the chief executive officer now directly owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,695 shares of company stock valued at $7,781,086. Corporate insiders own 1.00% of the company’s stock.

SPS Commerce Profile

(Free Report)

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.

Further Reading

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