Hantz Financial Services Inc. Has $11.65 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Hantz Financial Services Inc. cut its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,330 shares of the software maker’s stock after selling 2,087 shares during the period. Hantz Financial Services Inc. owned 0.17% of SPS Commerce worth $11,652,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SPSC. Bank of Montreal Can grew its position in SPS Commerce by 5.3% during the 2nd quarter. Bank of Montreal Can now owns 11,402 shares of the software maker’s stock worth $2,149,000 after acquiring an additional 572 shares during the last quarter. Xponance Inc. increased its stake in shares of SPS Commerce by 6.0% in the second quarter. Xponance Inc. now owns 2,360 shares of the software maker’s stock valued at $444,000 after buying an additional 134 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of SPS Commerce by 19.2% in the second quarter. AQR Capital Management LLC now owns 14,856 shares of the software maker’s stock valued at $2,795,000 after buying an additional 2,391 shares during the last quarter. Millennium Management LLC lifted its position in SPS Commerce by 4.3% during the 2nd quarter. Millennium Management LLC now owns 97,036 shares of the software maker’s stock worth $18,258,000 after buying an additional 4,045 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in SPS Commerce by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,716 shares of the software maker’s stock worth $4,086,000 after acquiring an additional 934 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPSC. Robert W. Baird boosted their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Stifel Nicolaus reduced their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Citigroup lowered their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler started coverage on SPS Commerce in a research note on Monday, November 25th. They set a “neutral” rating and a $198.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $219.22.

Insider Buying and Selling

In related news, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the completion of the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the completion of the transaction, the chief executive officer now owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

SPS Commerce Trading Up 1.1 %

NASDAQ:SPSC opened at $196.00 on Wednesday. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 93.78 and a beta of 0.88. SPS Commerce, Inc. has a 1-year low of $160.58 and a 1-year high of $218.74. The business’s 50-day moving average price is $189.92 and its two-hundred day moving average price is $191.47.

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.