SBI Securities Co. Ltd. Acquires New Shares in SPS Commerce, Inc. (NASDAQ:SPSC)

SBI Securities Co. Ltd. acquired a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 216 shares of the software maker’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPSC. Franklin Resources Inc. boosted its position in SPS Commerce by 94.5% during the 3rd quarter. Franklin Resources Inc. now owns 432,801 shares of the software maker’s stock valued at $84,747,000 after purchasing an additional 210,284 shares during the period. FMR LLC boosted 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 acquiring an additional 104,769 shares during the period. JPMorgan Chase & Co. boosted its position in SPS Commerce by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock worth $49,404,000 after acquiring an additional 104,210 shares during the period. Loomis Sayles & Co. L P acquired a new position in SPS Commerce during the 3rd quarter worth $17,128,000. Finally, Proficio Capital Partners LLC acquired a new position in SPS Commerce during the 4th quarter worth $14,083,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analysts Set New Price Targets

SPSC has been the subject of a number of analyst reports. Northland Securities reiterated a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Robert W. Baird reduced their price target on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price target on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Transactions at SPS Commerce

In other news, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total value of $1,682,326.10. Following the sale, the chief financial officer now directly owns 147,002 shares in the company, valued at $26,620,592.18. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,695 shares of company stock valued at $7,781,086 over the last three months. Company insiders own 1.00% of the company’s stock.

SPS Commerce Stock Up 0.5 %

Shares of SPS Commerce stock opened at $126.51 on Wednesday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 62.02 and a beta of 0.92. The business has a fifty day simple moving average of $167.25 and a 200-day simple moving average of $181.53. SPS Commerce, Inc. has a fifty-two week low of $122.74 and a fifty-two week high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (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%. Analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal 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.