Tudor Investment Corp ET AL Purchases Shares of 3,021 SPS Commerce, Inc. (NASDAQ:SPSC)

Tudor Investment Corp ET AL acquired a new position in SPS Commerce, Inc. (NASDAQ:SPSC) during the fourth quarter, Holdings Channel reports. The firm acquired 3,021 shares of the software maker’s stock, valued at approximately $556,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in SPS Commerce by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after buying an additional 67,687 shares during the last quarter. FMR LLC grew its holdings in shares of SPS Commerce by 109.7% in the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after acquiring an additional 742,686 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of SPS Commerce by 31.1% during the fourth quarter. Geneva Capital Management LLC now owns 581,801 shares of the software maker’s stock worth $107,045,000 after purchasing an additional 138,014 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SPS Commerce by 99.3% in the 4th quarter. JPMorgan Chase & Co. now owns 507,014 shares of the software maker’s stock valued at $93,286,000 after purchasing an additional 252,575 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock valued at $88,576,000 after purchasing an additional 16,272 shares during the period. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Up 2.3 %

Shares of SPSC stock opened at $145.15 on Friday. SPS Commerce, Inc. has a 12 month low of $120.09 and a 12 month high of $218.61. The firm has a market cap of $5.51 billion, a PE ratio of 71.15 and a beta of 0.81. The stock has a 50 day moving average of $132.79 and a 200-day moving average of $163.13.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The firm had revenue of $181.55 million for the quarter, compared to analyst estimates of $179.57 million. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dan Juckniess sold 2,591 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the sale, the executive vice president now directly owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kimberly K. Nelson sold 4,034 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the transaction, the chief financial officer now owns 2,442,968 shares of the company’s stock, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,465 shares of company stock worth $1,401,898 over the last 90 days. Corporate insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPSC. Robert W. Baird boosted their price objective on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Stifel Nicolaus reduced their price target 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. Citigroup lowered 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. DA Davidson decreased their target price on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Northland Securities reissued a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, SPS Commerce has an average rating of “Moderate Buy” and a consensus price target of $198.11.

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.