Jones Financial Companies Lllp Has $151,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Jones Financial Companies Lllp grew its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 706.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 823 shares of the software maker’s stock after buying an additional 721 shares during the period. Jones Financial Companies Lllp’s holdings in SPS Commerce were worth $151,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPSC. Entropy Technologies LP lifted its position in shares of SPS Commerce by 71.7% during the 3rd quarter. Entropy Technologies LP now owns 1,916 shares of the software maker’s stock worth $372,000 after purchasing an additional 800 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of SPS Commerce by 33.4% during the 3rd quarter. Victory Capital Management Inc. now owns 16,424 shares of the software maker’s stock worth $3,189,000 after purchasing an additional 4,115 shares during the last quarter. KBC Group NV lifted its position in shares of SPS Commerce by 14.6% during the 3rd quarter. KBC Group NV now owns 1,076 shares of the software maker’s stock worth $209,000 after purchasing an additional 137 shares during the last quarter. Huntington National Bank lifted its position in shares of SPS Commerce by 63.0% during the 3rd quarter. Huntington National Bank now owns 445 shares of the software maker’s stock worth $86,000 after purchasing an additional 172 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of SPS Commerce during the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPSC. Piper Sandler cut their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research 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 for the company in a report on Tuesday, February 11th. Robert W. Baird cut their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Needham & Company LLC cut their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Citigroup cut their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $207.11.

Insider Activity

In related news, 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 in the company, valued at $780,608,100.72. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Juckniess sold 9,819 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the sale, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,695 shares of company stock worth $7,781,086. Company insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 5.2 %

SPSC stock opened at $129.43 on Friday. SPS Commerce, Inc. has a 1-year low of $122.58 and a 1-year high of $218.61. The firm has a market cap of $4.89 billion, a P/E ratio of 63.45 and a beta of 0.92. The business’s 50 day moving average is $163.76 and its 200-day moving average is $180.25.

SPS Commerce (NASDAQ:SPSC) last released 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 net margin of 12.08% and a return on equity of 12.27%. Sell-side analysts forecast that SPS Commerce, Inc. will post 2.73 EPS for the current 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.