Blue Trust Inc. Has $47,000 Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Blue Trust Inc. boosted its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 49.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255 shares of the software maker’s stock after buying an additional 84 shares during the period. Blue Trust Inc.’s holdings in SPS Commerce were worth $47,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in SPS Commerce by 129.9% in the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. R Squared Ltd acquired a new stake in shares of SPS Commerce in the 4th quarter valued at $57,000. Signaturefd LLC increased its stake in shares of SPS Commerce by 26.0% in the 3rd quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. Avior Wealth Management LLC raised its holdings 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 buying an additional 326 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of SPS Commerce during the 4th quarter worth $69,000. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 22,570 shares in the company, valued at $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 4,034 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the sale, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at approximately $361,974,568.56. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is currently owned by insiders.

SPS Commerce Stock Down 1.8 %

Shares of NASDAQ:SPSC opened at $135.94 on Thursday. The firm has a market cap of $5.13 billion, a P/E ratio of 66.64 and a beta of 0.88. SPS Commerce, Inc. has a 12-month low of $135.65 and a 12-month high of $218.61. The business has a fifty day simple moving average of $176.31 and a 200 day simple moving average of $185.23.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results 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%. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on SPSC shares. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Stifel Nicolaus lowered their price objective 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. Piper Sandler dropped their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Needham & Company LLC decreased their target price on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities reiterated a “market perform” rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.11.

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.