Arcadia Investment Management Corp MI Makes New $57,000 Investment in SPS Commerce, Inc. (NASDAQ:SPSC)

Arcadia Investment Management Corp MI acquired a new stake in SPS Commerce, Inc. (NASDAQ:SPSC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 310 shares of the software maker’s stock, valued at approximately $57,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in SPS Commerce by 209.6% in the 3rd quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after buying an additional 44,946 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of SPS Commerce during the third quarter valued at approximately $3,178,000. Synovus Financial Corp purchased a new position in shares of SPS Commerce in the third quarter valued at approximately $1,809,000. JPMorgan Chase & Co. boosted its stake in shares of SPS Commerce by 69.4% in the third 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 last quarter. Finally, State Street Corp increased its position in shares of SPS Commerce by 1.1% during the third quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after purchasing an additional 16,357 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chadwick Collins sold 2,840 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the completion of the transaction, the chief executive officer now owns 5,270,106 shares in the company, valued at approximately $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,695 shares of company stock worth $7,781,086. 1.00% of the stock is currently owned by company insiders.

SPS Commerce Price Performance

SPS Commerce stock opened at $141.22 on Friday. The firm has a 50 day simple moving average of $179.85 and a 200-day simple moving average of $186.50. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 69.23 and a beta of 0.88. SPS Commerce, Inc. has a 1-year low of $139.59 and a 1-year high of $218.61.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 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 expect that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPSC shares. Needham & Company LLC decreased their price objective on SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Piper Sandler decreased their price target on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their price objective on shares of 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 decreased their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Robert W. Baird lowered their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, SPS Commerce currently has a consensus rating of “Moderate Buy” and an average target price of $207.11.

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.