Asset Management One Co. Ltd. Invests $628,000 in SPS Commerce, Inc. (NASDAQ:SPSC)

Asset Management One Co. Ltd. purchased a new position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,383 shares of the software maker’s stock, valued at approximately $628,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of SPS Commerce by 140.8% during the 3rd quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. grew its stake in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. R Squared Ltd acquired a new position in shares of SPS Commerce during the 4th quarter worth $57,000. Signaturefd LLC grew its stake in shares of SPS Commerce by 26.0% during the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock worth $65,000 after purchasing an additional 69 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of SPS Commerce by 1,358.3% during the 3rd quarter. Avior Wealth Management LLC now owns 350 shares of the software maker’s stock worth $68,000 after purchasing an additional 326 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SPSC. Robert W. Baird decreased their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Finally, Needham & Company LLC decreased their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, SPS Commerce presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Transactions at SPS Commerce

In related news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the sale, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,695 shares of company stock worth $7,781,086 in the last three months. Company insiders own 1.00% of the company’s stock.

SPS Commerce Trading Down 2.1 %

NASDAQ:SPSC opened at $143.54 on Friday. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 70.36 and a beta of 0.88. SPS Commerce, Inc. has a 12-month low of $142.81 and a 12-month high of $218.61. The company’s 50-day moving average is $180.87 and its two-hundred day moving average is $186.85.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. On average, equities research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

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.