Focus Financial Network Inc. Has $1.83 Million Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Focus Financial Network Inc. trimmed its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,946 shares of the software maker’s stock after selling 2,045 shares during the quarter. Focus Financial Network Inc.’s holdings in SPS Commerce were worth $1,830,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SPSC. Stephens Investment Management Group LLC boosted its stake in SPS Commerce by 1.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 119,437 shares of the software maker’s stock worth $21,975,000 after acquiring an additional 1,135 shares during the last quarter. Entropy Technologies LP increased its position in SPS Commerce by 52.2% during the 4th quarter. Entropy Technologies LP now owns 2,916 shares of the software maker’s stock worth $537,000 after buying an additional 1,000 shares during the period. State of Alaska Department of Revenue raised its stake in SPS Commerce by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 21,350 shares of the software maker’s stock valued at $3,928,000 after purchasing an additional 181 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in shares of SPS Commerce by 3.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 12,810 shares of the software maker’s stock valued at $2,357,000 after purchasing an additional 368 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its holdings in shares of SPS Commerce by 3.1% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,179 shares of the software maker’s stock worth $1,689,000 after acquiring an additional 275 shares during the last quarter. 98.96% of the stock is owned by institutional investors.

Insider Activity

In other SPS Commerce news, EVP Dan Juckniess sold 5,831 shares of SPS Commerce stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the transaction, the executive vice president now owns 23,833 shares in the company, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the transaction, the chief financial officer now owns 147,002 shares in the company, valued at $26,620,592.18. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,230 shares of company stock worth $6,379,187 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

SPS Commerce Price Performance

SPSC opened at $152.72 on Wednesday. The business has a fifty day moving average price of $187.58 and a 200 day moving average price of $189.54. SPS Commerce, Inc. has a 12 month low of $148.00 and a 12 month high of $218.61. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 73.07 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. On average, research analysts anticipate that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

SPSC has been the subject of several analyst reports. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a research report on Tuesday. Stifel Nicolaus cut their price target on SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC reduced their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday. Robert W. Baird decreased their target price on SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, 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 report on Tuesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.