2,103 Shares in SPS Commerce, Inc. (NASDAQ:SPSC) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,103 shares of the software maker’s stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPSC. Cerity Partners LLC raised its holdings in shares of SPS Commerce by 67.2% during the third quarter. Cerity Partners LLC now owns 3,786 shares of the software maker’s stock worth $735,000 after acquiring an additional 1,522 shares in the last quarter. FMR LLC lifted its position in shares of SPS Commerce by 18.3% in the third quarter. FMR LLC now owns 677,145 shares of the software maker’s stock worth $131,481,000 after buying an additional 104,769 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SPS Commerce by 7.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,631 shares of the software maker’s stock worth $1,676,000 after acquiring an additional 614 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of SPS Commerce by 30.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,112 shares of the software maker’s stock worth $410,000 after acquiring an additional 498 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in shares of SPS Commerce by 322.6% during the 3rd quarter. Holocene Advisors LP now owns 16,171 shares of the software maker’s stock valued at $3,140,000 after acquiring an additional 12,344 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPSC shares. Robert W. Baird dropped their price target 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. Piper Sandler cut their target price on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Citigroup dropped their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Finally, Northland Securities restated a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

Insiders Place Their Bets

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the business’s stock in a transaction dated 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 directly 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 9,290 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the sale, the chief financial officer now directly owns 156,292 shares of the company’s stock, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,864 shares of company stock worth $6,613,078 over the last quarter. Company insiders own 1.00% of the company’s stock.

SPS Commerce Trading Up 1.1 %

SPSC opened at $134.25 on Wednesday. The stock’s 50 day simple moving average is $150.97 and its 200-day simple moving average is $174.97. The stock has a market cap of $5.07 billion, a PE ratio of 65.81 and a beta of 0.92. SPS Commerce, Inc. has a 1 year low of $122.58 and a 1 year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data 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 net margin of 12.08% and a return on equity of 12.27%. Equities analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

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.