LPL Financial LLC Raises Position in SPS Commerce, Inc. (NASDAQ:SPSC)

LPL Financial LLC increased its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,561 shares of the software maker’s stock after purchasing an additional 5,353 shares during the period. LPL Financial LLC owned 0.12% of SPS Commerce worth $8,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in SPS Commerce in the 4th quarter valued at about $40,000. Blue Trust Inc. boosted its position in shares of SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after acquiring an additional 84 shares during the last quarter. R Squared Ltd purchased a new stake in SPS Commerce in the fourth quarter valued at approximately $57,000. Arcadia Investment Management Corp MI acquired a new position in SPS Commerce during the fourth quarter worth approximately $57,000. Finally, Trust Co. of Vermont purchased a new position in SPS Commerce during the fourth quarter worth approximately $69,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Down 1.3 %

Shares of NASDAQ:SPSC opened at $127.90 on Friday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 62.70 and a beta of 0.92. The company has a 50 day moving average of $145.99 and a two-hundred day moving average of $173.53. SPS Commerce, Inc. has a 52-week low of $121.52 and a 52-week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share 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%. On average, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 9,819 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were 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 represents a 30.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares of the company’s stock, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,864 shares of company stock valued at $6,613,078. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler dropped their price objective on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Citigroup dropped 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Robert W. Baird cut their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.