KBC Group NV Acquires 451 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

KBC Group NV boosted its stake in SPS Commerce, Inc. (NASDAQ:SPSC) by 41.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,527 shares of the software maker’s stock after buying an additional 451 shares during the quarter. KBC Group NV’s holdings in SPS Commerce were worth $281,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its position in SPS Commerce by 0.3% during the 3rd quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker’s stock worth $3,820,000 after buying an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of SPS Commerce by 4.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker’s stock valued at $256,000 after purchasing an additional 55 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in SPS Commerce by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker’s stock valued at $237,000 after acquiring an additional 58 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of SPS Commerce by 2.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker’s stock worth $449,000 after buying an additional 62 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of SPS Commerce by 26.0% during the third 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. 98.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPSC. Citigroup reduced their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Stifel Nicolaus reduced their price target on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Robert W. Baird increased their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Piper Sandler started coverage on shares of SPS Commerce in a report on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $219.22.

SPS Commerce Stock Down 2.5 %

Shares of SPSC opened at $180.03 on Tuesday. SPS Commerce, Inc. has a 52 week low of $160.58 and a 52 week high of $218.74. The stock has a market cap of $6.76 billion, a P/E ratio of 86.14 and a beta of 0.88. The business’s 50 day moving average price is $189.66 and its 200-day moving average price is $190.84.

Insider Buying and Selling

In other news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the sale, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the sale, the executive vice president now owns 23,833 shares in the company, valued at $4,773,988.23. This represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,940 shares of company stock valued at $4,696,861 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.