Victory Capital Management Inc. Lowers Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Victory Capital Management Inc. trimmed its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,101 shares of the software maker’s stock after selling 4,323 shares during the period. Victory Capital Management Inc.’s holdings in SPS Commerce were worth $2,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the 4th quarter worth $40,000. Blue Trust Inc. boosted its position in shares of SPS Commerce by 49.1% during the 4th quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after purchasing an additional 84 shares in the last quarter. R Squared Ltd purchased a new stake in shares of SPS Commerce during the 4th quarter worth $57,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of SPS Commerce during the 4th quarter worth $57,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the transaction, the executive vice president now owns 1,367,584 shares of the company’s stock, valued at $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total transaction of $420,660.80. Following the transaction, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is owned by insiders.

SPS Commerce Trading Down 0.4 %

Shares of SPSC stock opened at $128.91 on Tuesday. The firm has a 50-day moving average price of $162.61 and a 200 day moving average price of $179.53. SPS Commerce, Inc. has a twelve month low of $122.58 and a twelve month high of $218.61. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 63.19 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last announced its 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, research analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on SPSC. 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 report on Tuesday, February 11th. Northland Securities reiterated a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Robert W. Baird decreased their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Citigroup decreased their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.11.

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.