Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.48 Million Stake in SPS Commerce, Inc. (NASDAQ:SPSC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,020 shares of the software maker’s stock after buying an additional 91 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SPS Commerce were worth $1,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPSC. Advisors Asset Management Inc. increased its position in shares of SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in SPS Commerce in the fourth quarter valued at approximately $40,000. Blue Trust Inc. increased its position in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares during the last quarter. R Squared Ltd bought a new stake in shares of SPS Commerce during the 4th quarter worth approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of SPS Commerce in the 4th quarter valued at approximately $57,000. 98.96% of the stock is owned by institutional investors.

SPS Commerce Stock Down 0.2 %

Shares of SPS Commerce stock opened at $135.00 on Wednesday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 66.18 and a beta of 0.92. SPS Commerce, Inc. has a twelve month low of $122.58 and a twelve month high of $218.61. The company has a 50-day simple moving average of $156.37 and a two-hundred day simple moving average of $176.80.

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

Insider Activity

In other news, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total value of $1,682,326.10. Following the completion of the transaction, the chief financial officer now directly owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total transaction of $383,519.82. Following the sale, the executive vice president now owns 1,367,584 shares in the company, valued at $202,429,783.68. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SPSC has been the topic of a number of recent analyst reports. Piper Sandler lowered their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Citigroup cut their target price on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Needham & Company LLC dropped their price objective 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. Northland Securities reiterated a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $207.11.

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.