BIT Capital GmbH Invests $780,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

BIT Capital GmbH purchased a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,239 shares of the software maker’s stock, valued at approximately $780,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of SPS Commerce by 129.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after buying an additional 100 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in SPS Commerce during the fourth quarter worth about $40,000. Blue Trust Inc. boosted its stake in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after acquiring an additional 84 shares during the period. R Squared Ltd acquired a new position in SPS Commerce in the fourth quarter valued at approximately $57,000. Finally, Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the 4th quarter valued at approximately $57,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SPSC. Robert W. Baird dropped their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus cut their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Northland Securities reissued a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of SPS Commerce in a research note on Wednesday. Finally, Piper Sandler decreased their price target on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Five 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.com, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insiders Place Their Bets

In other SPS Commerce news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total value of $383,519.82. Following the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the sale, the chief financial officer now owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,864 shares of company stock worth $6,613,078. 1.00% of the stock is currently owned by company insiders.

SPS Commerce Stock Performance

SPS Commerce stock opened at $135.65 on Thursday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 66.50 and a beta of 0.92. The firm’s 50 day moving average price is $155.43 and its two-hundred day moving average price is $176.44. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61.

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%. As a group, equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal 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.