SPS Commerce, Inc. (NASDAQ:SPSC) Stock Position Lowered by DF Dent & Co. Inc.

DF Dent & Co. Inc. trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,563 shares of the software maker’s stock after selling 4,328 shares during the period. DF Dent & Co. Inc. owned 0.33% of SPS Commerce worth $22,550,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after buying an additional 44,946 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in SPS Commerce by 3.5% during the 4th 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. Mutual of America Capital Management LLC grew its stake in SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 110 shares in the last quarter. Synovus Financial Corp acquired a new position in shares of SPS Commerce in the 3rd quarter valued at about $1,809,000. Finally, JPMorgan Chase & Co. lifted its position in shares of SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after purchasing an additional 104,210 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 4,034 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the sale, the chief financial officer now owns 2,442,968 shares in the company, valued at approximately $361,974,568.56. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,864 shares of company stock worth $6,613,078. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Up 2.5 %

Shares of SPS Commerce stock opened at $137.66 on Thursday. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61. The stock has a market capitalization of $5.20 billion, a P/E ratio of 67.48 and a beta of 0.92. The stock has a 50 day moving average price of $148.62 and a two-hundred day moving average price of $174.30.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results 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 net margin of 12.08% and a return on equity of 12.27%. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPSC. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday, March 26th. Robert W. Baird cut their price objective on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Piper Sandler lowered their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Citigroup cut their price target 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. Finally, Northland Securities reissued a “market perform” rating and issued a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce 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.