SPS Commerce, Inc. (NASDAQ:SPSC) Shares Bought by Select Equity Group L.P.

Select Equity Group L.P. boosted its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,850 shares of the software maker’s stock after acquiring an additional 511 shares during the quarter. Select Equity Group L.P.’s holdings in SPS Commerce were worth $1,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Amalgamated Bank increased its stake in SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker’s stock worth $2,025,000 after acquiring an additional 61 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in SPS Commerce by 6.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,255 shares of the software maker’s stock worth $231,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. increased its stake in SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock worth $47,000 after acquiring an additional 84 shares during the last quarter. Amica Retiree Medical Trust increased its stake in SPS Commerce by 19.4% during the fourth quarter. Amica Retiree Medical Trust now owns 518 shares of the software maker’s stock worth $95,000 after acquiring an additional 84 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SPS Commerce by 1.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,020 shares of the software maker’s stock worth $1,476,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SPSC shares. DA Davidson cut their target price on SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Stifel Nicolaus dropped their price objective on SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and issued a $181.00 price objective (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Robert W. Baird lifted their price objective on SPS Commerce from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.38.

SPS Commerce Trading Up 1.6%

NASDAQ:SPSC opened at $150.94 on Friday. The firm has a market cap of $5.73 billion, a PE ratio of 73.99 and a beta of 0.81. The stock has a fifty day moving average price of $135.16 and a 200 day moving average price of $161.78. SPS Commerce, Inc. has a 12-month low of $120.09 and a 12-month high of $218.61.

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

Insiders Place Their Bets

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of SPS Commerce stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the sale, the chief executive officer now directly owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Juckniess sold 2,591 shares of SPS Commerce stock in a transaction dated 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 of the company’s stock, valued at $202,429,783.68. This trade represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,465 shares of company stock valued at $1,401,898 in the last ninety days. Insiders own 0.98% of the company’s stock.

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.