Park Avenue Securities LLC Has $833,000 Position in SPS Commerce, Inc. (NASDAQ:SPSC)

Park Avenue Securities LLC boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,528 shares of the software maker’s stock after acquiring an additional 727 shares during the quarter. Park Avenue Securities LLC’s holdings in SPS Commerce were worth $833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPSC. Barclays PLC boosted its holdings in shares of SPS Commerce by 209.6% during the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock worth $12,890,000 after buying an additional 44,946 shares in the last quarter. AXA S.A. raised its stake in shares of SPS Commerce by 19.4% in the second quarter. AXA S.A. now owns 29,391 shares of the software maker’s stock worth $5,530,000 after purchasing an additional 4,784 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SPS Commerce in the 3rd quarter worth $3,178,000. Synovus Financial Corp purchased a new stake in shares of SPS Commerce during the third quarter valued at approximately $1,809,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of SPS Commerce by 448.2% in the 2nd quarter. Hsbc Holdings PLC now owns 33,484 shares of the software maker’s stock worth $6,295,000 after buying an additional 27,376 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 2.3 %

Shares of SPSC stock opened at $195.48 on Wednesday. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The company has a 50 day moving average price of $188.22 and a 200-day moving average price of $191.33. The firm has a market capitalization of $7.34 billion, a PE ratio of 93.53 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The company had revenue of $163.69 million during the quarter, compared to analyst estimates of $160.30 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. Analysts anticipate that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPSC. Robert W. Baird boosted their price objective on SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Needham & Company LLC restated a “buy” rating and set a $230.00 price objective on shares of SPS Commerce in a research report on Wednesday, January 15th. Piper Sandler started coverage on SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Finally, 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 research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.00.

Insider Activity at SPS Commerce

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

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.