Mutual of America Capital Management LLC Has $1.05 Million Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Mutual of America Capital Management LLC lifted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,690 shares of the software maker’s stock after acquiring an additional 110 shares during the period. Mutual of America Capital Management LLC’s holdings in SPS Commerce were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SPSC. State Street Corp raised its holdings in shares of SPS Commerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after buying an additional 16,357 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SPS Commerce by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock valued at $182,287,000 after purchasing an additional 14,174 shares during the last quarter. FMR LLC increased its position in SPS Commerce by 18.3% during the 3rd quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after purchasing an additional 104,769 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of SPS Commerce by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 465,144 shares of the software maker’s stock valued at $90,317,000 after acquiring an additional 8,186 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in shares of SPS Commerce by 0.5% during the third quarter. Geneva Capital Management LLC now owns 443,787 shares of the software maker’s stock valued at $86,170,000 after purchasing an additional 1,994 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Trading Down 3.4 %

SPSC stock opened at $128.22 on Monday. The stock’s fifty day simple moving average is $168.40 and its two-hundred day simple moving average is $182.11. The stock has a market cap of $4.84 billion, a P/E ratio of 62.85 and a beta of 0.92. SPS Commerce, Inc. has a 1-year low of $125.95 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. 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 research report on Tuesday, February 11th. Robert W. Baird reduced their price target on shares of 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 cut their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Needham & Company LLC reduced their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Transactions at SPS Commerce

In related news, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chadwick Collins sold 2,840 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were 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 in the company, valued at $780,608,100.72. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,695 shares of company stock worth $7,781,086 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.